Based on the price and what it tells me about the type of area it's in, I would double check that rental figure as well.The lower down the property ladder you go, the less it matters how turnkey the place is - remember that the tenant pool in 'rough areas' is comprised 100% of people who simply can't afford to live elsewhere, which means you're looking at a higher-risk investment.

Homes are still relatively affordable and we have high rents.

More inventory means less bidding wars for buyers especially in the more affordable prices.

Man, taking OPM to the next level, I see.The capitalist in me says, go ahead, save every dollar you can, however you can.The taxpayer in me thinks you're a jerk if you can afford your lifestyle and invest in properties.

Which are most affordable and which have you found success using?

They have a choice of buying the home, or moving out and letting the next guy in line buy it.You offer a program to buyers with a couple grand down and affordable payments for 3-5 years on the balance.

@Jennifer T.

Now that I have a little bit of capital I'd love to attempt a quick flip, but in another market where prices are more affordable. 

Chances of half your tenants being able to afford to purchase is probably slim.

It does for me, thats why I do it.Some people will never be home owners, they just don;t have the capacity.