The Midwest has a lot of turn key properties that are in expensive.  

It's inexpensive and you'll get her new address.

House hacking makes the most sense in expensive areas like ours (LA,NYC), get FHA loan and get in the door ,house hack first , you'll learn a lot along the way , will help if your handy . 

It was inexpensive and the contracts are easy enough to read that our sellers have had no problems understanding the language and what what they are signing. 

I concentrate my endeavors in markets where land can be purchased inexpensively, allowing a variety of strategies.  

It's just like discussing expensive markets (LA, NYC) versus inexpensive markets. 

For example…for every dollar you increase rent or save in expenses, that $1 actually increases the value of the property by $12-$16 (due to the cap rate).

The reason why I wanted to start out far away from my current home is due to housing prices are inexpensive (30K - 60K), it feels like it would like less risk (money wise) and from what I gather not as many investors are out in this area. 

When I ran it through me spreadsheet, it comeback w/ 5-5.5 cap with 60-65% in expenses and vacancy.

It's honestly hard to believe that data is so inexpensive to get these days.