This is a complete tangent, but this also illustrates why I think living in high cost areas and investing in them is a great idea.

You mentioned the finishes on some of the units are quite decent, so let's say you go to Ikea and buy mid grade kitchen cabinetry, you'd be at least spending 4-5000 a kitchen.

I own a digital marketing agency (high stress for sure), make 7+ figures, and have a family of four to support (my wife doesn't work).

Check out some of Immanuel and my other posts for details backing this up but suffice to say Notre Dame is working with SB to bring in high tech industries, there is a new power plant going in south of town, it still has great manufacturing including trailer construction, it is on the intersection of 2 busy highways 80 & 31, and it is less than 2 hours from downtown Chicago which is one of the largest inland ports in the world.

@Kate Stoltzfus, I had a high-maintenance renter like that.

I'm a developer/ high end real estate solutions company for purchasing, selling and renting in 4 states on the northeast coast, and we are presently seeking a source for hardwood floors at discounted or deeply discounted rates.

I'm highly motivated.  

Although its more expensive and takes more effort, you definitely get a high ROI on your marketing compared to the "shotgun" approach. 

I can agree with the low number, but, not the high one, even in the Palma Ceia area where I had to Duplexes that I had to Short Sell after the 2008 Economic Collapse.

Buy and hold investor here from Orange County CA looking to BRRR out of state in Indianapolis.People in sunny CA start to complain when the thermostat hits the high 50s.