I'm in NE Ohio and while I don't plan to completely "self-manage" (ie, do maintenance/cleaning/etc. myself) I do want these properties to be close enough that I can A) check them out personally when needed and potentially tinker/add improvements on occasion myself AND B) if they are vacant for a weekend, go and enjoy some R&R on short notice. 

HOA fees are on the lower side compared to some but it covers everything except electricity bill.

I have a small air BNB that takes under an hour to clean. 

Wondering cost of electric baseboard heating 1200 sq ft?

A stable female single mom, 6 years of renting, never late, always clean, gets with a 'fun' guy, good job, accepts her kid.  

When or if you have flood damage and no coverage it's usually a 90% loss of structure as the drywall, electric, and anything submerged is putrid and ruined. 

Added plumbing and electrical connections for a basement apartment.

Make Connections with Electrical, Plumber, before you take on a job.

A simple electric panel replacement would wipe out months of net cashflow.

So I got one that was very in-budget, good in terms of cash flow, decent neighborhood, not too old, clean inspection, etc.