Or do you just take the risk assuming that high rent means tenants are replaceable?

Look at areas with high rental demand, possibilities for capital growth, and properties that fit investment objectives.

The prices of homes in the Mt Orab area are selling at a high price in my opinion.

I also have thought of the CD plus some money market/high yield savings.Thank you!

The demand is pretty high especially if you are near Hospitals and Military Bases.   

Tesla is building a semi truck factory and multiple data centers are bringing high paying jobs and diversifying the economy.  

Ideally I would want him to drive by the home, snap some pictures of outside/inside problem areas to give me ANY idea of repairs expected before an offer is put it.

It's counter intuitive however, we find this approach to be highly effective. 

The gurus” selling mentorship’s and “canned” programs to a inexperienced investor oversimplify the strategy; ignore the difficulty; incorrectly claim that the education they provide is sufficient for success; lie about their own qualifications and experience and success; belittle “real” business/financial/real estate education and provide a totally unrealistic picture of lifestyle, effort, and chance of succeeding.  

A designer is a great partner to have when getting into high-end properties in your market.