It costs you vacancy, fresh paint, new flooring, potentially other updates. 

The Midwest seems to be the theme when it comes to cash flow and I also believe it holds a ton of potential for appreciation if you do it right.I now have 14-doors in Detroit and I stay extremely active in the market outside my own investing.

I also regularly underwrite properties for investment potential (aka cashflow!) 

Attracting Tenants: Tips on marketing the property to potential tenants who value sustainability and might be willing to pay a premium for such living conditions.Maximizing Cash Flow: Advice on structuring the investment to ensure a steady, positive cash flow and a strong return on investment, considering the property's sustainable features.Sustainable rental properties can pave the way for a new standard in real estate investing, balancing environmental stewardship with financial prosperity.

I have several hundred thousand to invest, but I am simply not finding any worthwhile deals after looking at hundreds of potential deals in various cities. 

It's your job as a landlord to pre-screen potential leads (gross income, credit score, evictions or not, etc) and then only schedule showings for those people that meet your screening standards.

@Kim Durst Potentially you could take the $10k, then have another $10k (or whatever amount you feel covers your cost if there are further issues) held in escrow.

All potential lots with direct road access sell as individual lots without any development.  

You not taking action on this could potentially create issues in getting your property back.

I got a good referral about this potential tenant.