We have seen net rental yields of 10-15% in mid-size cities (1 million people). good luck!

Water levels can get knee to mid thigh at times and dry up in the summer.

I’m a woman too and starting out mid career.

However, if that is the case then I'd invest where I can get a better return like Phoenix, Las Vegas, or the mid west.

@Chelsea Mays I've been an agent for 16+ years consistently selling $7M+/year and have never been a part of a team... of course I was with Long and Foster (Mid-Atlantic) for many years where I had excellent training and oversight before moving recently to eXp. 

(most mid western feel of the Big 4 MSA's--a nice place with the Alamo and a great River Walk)These are the four MSA's most people think about when investing in Texas.Also, it's not wise to buy in an area without doing a "Boots on the ground" and knowing about it.Watch out for the real bad crimes, like Rape, Murders, and car jackings.

This decline has made it easier for premier builders to offer budget-friendly properties as the mid-level market has been left untapped.

Ok, well in mid '08' there was like 4 people in all the world of investment finance who were saying "Told Ya So", out of the thousands and thousands in the industry. 

More directly to answer your question, I purchase 5 high rise/mid rise condos in the Valley of the Sun between 2011 and 2012.  4 as investment and 1 to live in.  

Somewhere in my mind I feel like I heard 5% is the standard when selling a high-end property (mid 7 figures).