A $45 application fee will apply.Income: Verified monthly income must be at least three times the rent (minimum $4,200 combined).Credit Score: A credit score of 650 or higher is required.Eviction History: No prior evictions are permitted.Should I lower it to a credit score of 600 and 2.5 times the rent? 

The lower the score, the higher the risk and the more we charge for a deposit.

Here's a breakdown to consider:Cleveland: @Zeke Liston You're right, Cleveland often boasts lower purchase prices, making entry easier.

You'll get a feel for the age of the neighborhoods, the vitality of the commercial buildings, the ease of location, the closeness to jobs.The markets you're describing are more linear, and usually have lower capital appreciation.

Thus, your profit margin is lower (than the all-cash offer), but your ROI is higher.Savvy or more experienced investors may have access to Private Money.

The entry price is too high.The trick is to get the second acquisition at a lower entry, so you can rehab and refinance 100% entry costs out.

In decades past, carriers were allowing people to carrier lower limits of insurance on their properties. 

If you are looking for turn-key, your returns won't be as high, but that is mitigated by lower stress.

I have noticed a lot of investors are seeking out cities that are offering lower priced lots and simply adding a Modular or Manufactured and capturing a very nice cash flow.There is a new trend starting in Florida and in other states where an investor buys a piece of land or lot and add a 'Tiny Home". 

But I get it in the lower value assets of the mid west and rust belt cities wholesalers dominate because they spend 100s of thousands in marketing for those type of assets..