I may settle for B+ but I would not go any lower.For this type of tenant I need an A-B+ class property but these properties are overpriced and the rents for them are not high enough to produce good cashflow.If I move to B-,C territory, I can buy some cheap properties but they would still be cheap after rehab and attract only low quality tenants.So, my requirements contradict each other.

see how cheap you can get these. its kind of fun " making a deal happen" as opposed to sitting around and waiting for things to get better. good luck to you and please ask me for help when you need it.

I know I want to go with porcelain tile in the baths and my partner is pretty sold on cheap carpet for the bedrooms. 

We just buy the cheap carpet from menards for $1 sq. ft.

Some in the corner of the kitchen, which was cheap, however a fair amount in the garage found during the home inspection (for the new buyer).

The risks assumed by each aren't in balance, consideration isn't equitable.If you want to get by on the cheap, use an EM Note. :)     

There is just way too much cheap money flowing around right now and "investors" are chasing appreciation based on FOMO. 

Obviously I don't want to buy some cheap crap and have to hassle with it soon and often - but I don't want to go broke over the purchase price either.

I live in a very cheap area where a 8,000 sqft mini mansion sells for $650,000 Currently working a back breaking job but trying to save as much money as possible, curious as to what this community believes should be a minimum amount I may need to get my first rental property, I'm trying to build relationships locally with realtors and cpa's, but a few more friends never hurt.

I can hook you up with them if you like.2.buying them CHEAP.