That is a solid ROI, Also, you want to have an idea appreciation value in that area.

If you have a solid income with good savings, get going!

I know there's no solid, rule of thumb, but I'm curious as to everyone's thought process and strategies.

I'm looking to create a passive income stream through multi family units or single family homes.Welcome to BP mate,Toledo is the place to be :)Some awesome cashflow here in solid B class areas.We feel like kids in a candy store buying 5-10 SFR per month on average.Much success

Many properties in Chicago are brick so the outside is solid and people redo the entire inside so its like new at least on the inside.

I'm currently in Midland Texas and am strongly consider a move to the San Antonio for the simple fact that the area has a solid market compared to my current area. 

@Ryan Herald you are getting solid information from @Jay Hinrichs and @Jacob Pereira - it is an un-bankable transaction.

I understand that investors often times look over tons of properties before making a solid purchase as I do myself when looking for the right opportunities to invest in personally. 

That looks like a solid deal to me.  

I have a duplex off Cilley and is solid blue collar neighborhood but on the edge of some junk.