Cleveland is the one I am most familiar with and it's also very popular with investors across the USA so I figured you'd get some value out of reading The Ultimate Guide to Grading Cleveland Neighborhoods.

Price to rent ratios aren't great but that doesn't tell the whole story because contrary to popular belief a lot of things are cheaper in California, SoCal in particular; property taxes, insurance, and management are all more expensive for me out of state on property that is worth considerably less as a percentage of rent it is much more. 

With Keller I think you've picked one of the most popular places on the West side of the metroplex. 

However, I have a feeling you wouldn't have maxed out anyway given what you said about risk tolerance.I guess you could pull money out now and just park it until opportunity arises.  

Other than that its just being flexible and dealing with guests and tenants and dealing with issues as they arise.

Cleveland is the one I am most familiar with and it's also very popular with investors across the USA so I figured you'd get some value out of reading The Ultimate Guide to Grading Cleveland Neighborhoods.

It will go a long way and meanwhile you are sitting on a good cash reserve should any situation arise.  

It’s a very popular and desirable neighborhood that warrants excellent rents or resale.  

They are actually popular and people desire to rent them, especially when they are fixed up.

It also depends on your asset class, the 1 and 2% rules are a bit out of date if you're considering turnkey or MLS listed properties, with rent to value averaging below the 1% mark in popular markets.