We have target a 10% ROI (including equity for loan amortization) and properties end up selling at prices that would make returns on the 4-6% range (after all expenses, mortgage and capex).

Each entity currently has a LTV ratio 80%, or more, providing additional protection by being poor targets for legal action.

@Kyle Leinhart I go to Zillow.com, find the address for the target property and find the "tax history" section. 

I'd personally target 4plex>triplex>duplex due to better returns. 

I've reached out to a web-based crowed funder that will loan us money, but not in rural areas.

I have 3 target areas that I am investigating and want to set up some meet and greets with local agents to figure out who we want to work with.  

By applying your 1.5% rule formula, the target should be $1500 rents on a property this price. 

You can actually educate yourself a little by browsing the Indiana Court databases at https://public.courts.in.gov/mycase/#/vw/Search and see which PM's are in court the most for your target area.

@Gustavo Mayoral-Arevalos - Check in with Account Closed he's an investor friendly realtor in South Jersey and should be able to help you target some areas to look for duplex and triplex options as an FHA acquisition. 

How loans should be:  Approve a loan with a specific buyer(s), seriously put them through all paces including tax transcripts, employer verification, account verifications for any downpayments, gifts, whatever they need for approving at their target price, all documents needed to give them total clearance for x amount for PI before they ever walk into a home looking to buy (with no change in income or debts, of course).