Rents will vary from area to area, the condition of the home, and how many bedrooms you have to offer. You get what you pay for, right? Any Realtor can help you find homes in that price range. I work with my company's REO department and many investors so I'm very familiar with homes in that price range. If you'd like more information or help, email me or call and I'd be glad to help get you started in building your portfolio.