All of our projects in the $300k range for new build SFRs rent out at >$2,500 allowing for double digit ROI and have $50k to $150k of immediate equity we either sell for a gain or cash out refi to be net zero into the deal. 

I have an out of state client who now has bought 14 units here through me and is getting double digit returns in B areas.

A bit piece of what makes them hard to beat, is the fact that they are plentiful.Metro DetroitPurchase: $80k-$130kRent: $1200-$1500ROI: 10-14%Cash flow: $250-$350/doorAppreciation: Double digit (for past 10 years, will gladly send data)Location: C, B- (suburbs and certain markets)We have over a dozen Fortune 500 companies just in Metro Detroit with huge Healthcare, Auto, mortgage, Amazon fulfillment, and more jobs.The bad reputation comes from OOS investors wanting $20k D market properties.

We closed on our first OOS turnkey in Aug 2017 and present day we have double digit all OOS turnkey portfolio.   

You can get rentals with double digit net caps, 100% hands off in the mid west, Its all about knowledge and your team 

Double digit net caps are to be had,,all the best ,  

@Ralph RichardsonMetro Detroit (my rental portfolio is here)Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: 1%-1.4% rule dealsROI: 10-14%Cash flow: $250-$350/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-15% (has been double digit for a decade)Location: C+, B- These numbers are based on the “sweet spot” in Metro Detroit.

Simple buy rentals with double digit net caps, 100% hand off in the Cleveland markets. 

That being said, Colorado is a hot spot for MTR because there are a lot of travel medical professional opportunities at hospitals throughout the state and all the natural resources and things to do make it a hotbed for digital nomads as well.

Couple hundred bucks a door cash flow, double digit ROI, and yes the prices appreciate and you build equity.