Actually, investing out of state I would be more comfortable with Cleveland as it is only a 7 hour drive in case I need to come over for a visit.

Anna,When repairs or improvements are made to rental property which is not actually rented or advertised for rent, the improvements are capitalized over the appropriate life of the assets.  

I actually watch the Vancouver market pretty closely because I have a ton of friends living there and my extended family owned rental properties there.

Hi Tyler,Actually you can find almost anything you need right here in bigger pockets.

Like Greg said, you need to provide some actual numbers to get an informed opinion.

Hi Sam,I'm in the same boat as you....that is, learning, reading, listening all that I can (for free, which is cool), but still haven't made my first purchase other than the house I currently own and live in (i.e. not an actual investment property).I live in Jacksonville and have been scouring the market this summer, drove by some properties today in fact (they weren't what I was looking for, though).I'll say that it's drying up a bit, but I don't mean to dissuade you at all, in fact I think there are still tons of great deals out there (here), but the time is now.

@Joseph S. actually meant to say Apple Blossom, not Flowering Peach.  

We actually have a rea estate boot camp coming up. 

I've actually considered doing that full time while building up my buy and hold portfolio.

If you do a 3 year term and you have a tenant who actually takes you up on this offer at max every month, it would still only be (300X36=) $10,800 which you have already accounted for in your price spread.