Benton Harbor is a destination known region wide.

Rates are in the 4.875% - 6.125% range (for 30 yr fixed rate/term). 

What price range house are you looking for?

So, why not purchase something in the middle of that range you mentioned, in a working-class, up-&-coming neighborhood?

I would look at small apartments in the 6-8 unit range.

I was just looking at multi-families around the Front Range. 

So I think your in the right price range in $605-635k.

The terms can vary widely by bank. 

I feel like buying a house in this range may be a wreck and create more headaches than upside. 

If it's any consolation, rates on an investment property are at a rather low point, depending on the properties' characteristics and your credit score you may be looking at something in the 3.875% - 4.875% range.