If you can calculate a range of possibilities and figure out how you would handle the absolute worst case scenario, and that's not too bad for you, then you go for it. 

Central AC is a plus around here but in the 190k-210k price range we find that central AC is definitely a plus but people do not necessarily expect it as a given.

You need to do a little bit more digging if you don't have a wide applicant pool.

They can be very expensive in that price range. 

I would recommend learning the market you are going to be investing in and determine your criteria (location, price range, type of property, sq footage, beds, baths).

I realize my questions below are going to cover a wide swath of topics, and wasn’t quite sure where to post this.

Most of our homes are in the 2/1 and 3/2 range, tend to be more rural and under 50k purchases.

(Price range) if your flipping a 1200sqft in the hood its obviously going to be different then a 1200 is the best neighborhood.What advise about hvac?

-Pricing for properties in this area and in the 1-2 mile radius are all over the place, but seem to comfortably rest in that $349,000-400,000 range for a decent 3bd/2bth property with age ranges of properties around the 1950's to 1970'ish range.

It is advertised for $425,000 which is out of our price range but I'd like to try to find a way to make it work.