Otherwise, you probably will end up with a cheap, bad at communicating company who you will end up regretting hiring because they aren't actually getting anything done. 

Purchase price: $94,000 Cash invested: $15,000 Sale price: $162,500 Bought a cheap condo that needed some work when we moved to a new city.

If your somebody who's looking for cheap fixer uppers and will take care of your tentans then this small market is for you!

I wanted to get the BIGGEST line of credit possible so that i could get ready to buy home cheap in the next 2-4 years when the market dips (recession).  

Cheap is not always good.

You can buy something like a cheap Arlo camera system at Costco and pay for the Internet connection in one of your units.You could ask law enforcement to do routine drive-bys or safety checks.

Example a cheap home that rents for 1000 might work well but your analysis from above would be a good bit different. 

The property is a cheap 4-plex in a college town near us that is already fully rented, and the rental income surpasses the PITI, but that’s where we run into my question.

Yes, the midwest is cheap yet compared to most of the country.

Take out Pizza/delivery place.