Once you add these guys up, I think you'll be down to a more realistic cash on cash return level.

I have property investments in Indy, among other places, and I can tell you the price point you are looking at of less than $50k with that rent level can have a lot of problems.  

PMI was created so that lenders could offer higher LTVs (which means lower down payments) while still keeping their risk in the deal at tolerable levels. 

Buyers will appreciate it and it adds a level of professionalism to your business.

There will be more upcoming layoffs in the energy sector.

This will give you their "why," and allows you to be able to gauge their level of motivation.

Less disposable income means that they cannot afford to pay the level of rent they did in the past.

I've always lived in the suburbs so I'm most familiar with A and B-level neighborhoods.

Some won't even mention foundation/leveling issues on their estimates, yet the house flooring looks like a bow.I'm not here to say I know it all, but that's my 2¢Tell me the area you're looking to buy, and if I see something I'll let you know.

I think more important than the term you use is your comfort level with what you're doing and talking about it with the investors.