I'd agree with what @Jesse Danzig said above in regards to management, maintenance, and vacancy at 10%.

Blair,Agreed...

What you want to do is just get them to agree to let you sell it.

really depends on what part of the country your in.. in low value areas wholesaling the property is probably more productive on an income level..

(Murrieta and Temecula, as well)  Menifee is growing so strongly, I agree it is a good place to go.Let me know how I can help.  

Also, are there any inclement weather problems unique to that part of the country that damage properties, like tornadoes?

@Antonio Actually in Ohio there seems to be more out of state and out of country investors eager to invest in Ohio now because it's a hot market.

I agree 100%.

Thanks Michael, this seems to agree with most of what I've read is the normal requirements.

good concept Bryan, flipping vs buy and hold are keys to how wealth can be generated by using two different methods of investing aka envesting as i like to say, i'm a newbie in this industry my plan is to buy and hold rentals and later refinance the property and reap the benefits of the cash flow to purchase rehab and flip discounted properties that i find along the way, my strategy may be different than most but most of my educational coaching suggested looking at every deal as if it were flip and or rehab, i agree with Bryan, if i can get the cash flow and equity that buy and hold offers then that is the strategy that works best for me, but if i run across a flip/rehab that is worth my while then i execute accordingly but leverage is a important aspect of the buy and hold strategy will be implementing in my world.......good luck on your investing journey