The bottom of the price range will typically have the best opportunity for rehab and rent, and as a bonus the level of distress at the bottom of the asking price range will typically turn off those happy couples looking for their turn-key white picket fence dream home, so competition for bids in that range isn't so crazy.

@Sharon Rosendahl Lancaster, Ohio meets your criteria to a tee...35-min outside Columbus.

It does not include leveling of floors, tile or grout.  

We just have completed our renovation and added a beautiful AADU on the first floor of our split-level house in Seattle, Washington.Now we are in the process of refinancing and renting out the unit downstairs.We are currently living in the unit upstairs.My question is, which insurance type would be appropriate for our situation?

The building has a stone foundation that can be accessed from a crawl space that is below the entire lower level unit.

@MJ Kim there is still opportunity in the Columbus market...we have enormous transition across entire zip codes...if you are willing to assume some level of risk, can connect with a great team, and undertake a renovation and stabilization effort, you can do well.

The question becomes, what level of umbrella coverage (Policies are sold in $1,000,000 increments) are you comfortable with and whether or not the added protection of the LLC is worth the cost at that point. 

Disney just recently announced they're moving over 2,000 high-level employees from CA to this area. 

Good purchase price for an entry level rental in Denver.

They may also ask about your experience level or contingent funds, etc.If you know you have a solid personal financial history, then I would go after the off-market in parallel.