But, the properties that interest me are the ones that will have a nice cash on cash return.

It may sound nice to pay a 5% management fee but the extra fees can add up to be more than the other company that charges 10% with no add-on fees.

I wouldn't consider age so much so long as the neighborhood it is in can support your sale price.The best way I can say is to always follow your market and visit some homes personally and eventually you will just know what a certain property is worth and won't need to necessarily find comps

Nice Keyword list at the end.....lol.

The reason I’m asking is because the numbers in the midwest pencil out on paper really nicely, however, when it comes to the actual management of the properties the actual returns may be quite lower. 

Usually if you visit your local distributors you can find better deals, but that can take time. 

Nice!

@Yi Zhao , you can check out a few that I've looked at that I consider to be nice - rentec direct & rentredi(the owner of this system is actually a member here on BP).

Is there a nice way of saying that I don't want a fixed up one; basically I want a fixer upper

I have been in Outside Sales for 7 years now and have the ability to work from home which is nice!