@Ricardo Fainsilber I like Tampa and Orlando personally but I know Jacksonville has some great returns and growth as well.

Some are entirely vacant, others not.Located in and around University Circle, close to the Cleveland Clinic, one would think that people working at CC would like to live close by, have a better than average income, thereby affording and paying higher rents.CC, by virtue of its global brand recognition and continued success in the medical field, would only attract more growth, staff and therefore -- housing demand.What am I missing here?

It's constant growth every day --- knowing that you will never be a master because you can always be better.  

The most important thing (in my opinion) to look at is job growth.

Statistical data from the 2012 US Census shows that the growth rate of many cities in the U.S. has recently surpassed that of suburban areas.

So its slow growth in the beginning, but then snowballs.

If that's $130k deal at <1% rule, that might be okay in a high growth/appreciation area, but if it's in a stable area for rentals it will likely lose money and have little chance of appreciation.Will you be managing yourself?

I am assuming that you are considering OU to ensure your projected growth potential.

I think most of the people on here who are in growth mode would say cash-out refi.  

With continued job growth, an expanding economy, and businesses relocating to DFW area, we should see continued demand for housing and rentals.