I'm ok with a bungalow or typical wood frame as well, but i value brick more.I'll buy in a cheap area, but up until a certain point!

@Katherine Linza  Yes, as Michele mentioned, typically banks will use the lower of the appraisal OR purchase price. 

If so, what percentage or amount is typically required?

I don't even know how one would typically conduct a search for a place.

I know on a broad scale what cities typically offer cash flow and which ones don't.

@Thomas S.... even though 85% of my rentals are not section 8 I would not classify the people how you are.Here's the deal.... trash is trash... it doesn't matter if they are white or black.

The problem was the postal sorting equipment was turning it into a nice suspicious white powder. 

What’s the brand and color of the wood Look flooring and tile you like?

Ron's method of selection is not typical. 

Lets say the tenant is white but the boyfriend is black.