That is why land is cheaper.

If I were beginning from zero with $50K, I’d lean toward Houston and here's why..Houston gives you more leverage with cheaper entry prices and landlord-friendly laws.

With rentals, depreciation lets you write off part of the property every year, often reducing your taxable income to zero even if you’re making positive cash flow.

Long-term rentals give you steady depreciation each year, which reduces your taxable income, and once you add more properties, those deductions start stacking and really accelerate your wealth.

Sorry...way way too many questions for me.Every situation different.Probably not enough spread in most cosmetic flips....probably need the full meal deal.Also that cuts out much of your competition if you can handle more.Older and cheaper probably better depending on where you buy.Be ready to act quick, be conservative on your ARV and plan on about double whatever you think your time on market will be. 

Replacing tile tops with inexpensive prefab laminate.It’s often cheaper than the labor and materials of refinishing, and it holds up way better.2.

We have waived lease termination fees and let them out of their lease if they find another place that is cheaper for them.

This implies that the investment should be viewed as a long term investment for it to achieve a good return.2 recent national studies both showed that in virtually every large US city, it is initially cheaper to rent then to purchase.  

Is there any cheaper either do you versions out there?

Toledo can be a great market to invest in when you're very hands-on, but just because "houses are cheaper" doesn't make it any easier to turn a profit.