re: Rental Property Investment

I don't see how anyone is willing to pay $1,000 a month for a $50k house/apartment anywhere. Even rural Alabama. Unless you are buying at $50k at putting a lot of money into a property. Even then how much can a $50k shack be renovated? Or are these trailers or mobile homes or something? Hell, $50k for a trailer on a tiny plot of land seems about as low as it gets.

Half of 1% to 3/4ths of 1% is probably about the average in South Florida.

ETA: Granted, Miami is not a good example as homes/condos here are overvalued as Miami currently ranks as one of the most overvalued markets in the U.S. Problem with Miami's market is billions of dollars flow in yearly from foreign investors paying cash and driving up the market against themselves. Miami's affordability index for housing is absurd as median incomes don't support it and many renters pay 50% of their income towards rent even though it is almost always less than 1% of the purchase price.