I'm open to upping cash flow requirement to $200/unit, but can that be done with older houses in small-town Alabama in the country? 

Lots of old, cheap houses around the country are going to go on sale now.

The impact will likely be spread out across the country, bringing some higher price markets down some, while raising up the attractiveness of lower cost markets elsewhere. 

Being out of country a property manager is very crucial.

It is located in the hill country of Texas where many homes are built on the side of hills and stairs are the only access to the home.

Only ~12 million rented residences in this country are in apartment buildings with 10 or more units.

Like you, they’re attracted by the much lower cost of living but also the weather or the country’s beauty and culture and the proximity and easy access.

This Victorian house caught my eye not only because it was a great deal (for obvious reasons) but because it crossed me as symbolic of an era when houses were built with passion, with craftsmanship, with pride.

If these still would not cash flow look into other areas of the country, preferably where some friends or family live that could keep an eye on things.

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