One indication to watch is housing sales and new listings, these will show if the liquidity is going back to the market.

Great to develop a plan to acquire an initial property in 90 days!

Then pick their brains about your local market.I would review listings on line on a regular basis to get a better gauge on what properties are selling for and what seems to be in demand.

Here's a short list of things to consider when looking at lower priced properties:What condition is it in?

I’m coming up with my list of states that I will target and I am stuck! 

Granted the tenants aren't the best quality, their list of complaints is every-ready and I have put them on notice to evict.

@Anthony Warlick at 1.25M at 8%, assuming 75% LTV your payment would be 6879 without taxes and insurance (since that wasn't listed here).

Low point of entry, easy repair list, and a quick sale How did you find this deal and how did you negotiate it?

Initial Discussion and Negotiation, Due Diligence and Documentation, Signing the Purchase Agreement, Escrow Closing Process, and Closing, Transfer of Ownership, and, Post-Closing Obligations. 

Happy to review your listing and give any pointers.