Ultra-competitive, but it wouldn't be that way if the market wasn't producing.

You have to be comfortable with the income thtat it will be producing for you.

So in my mind I'm not taking a hit for 30K I'm taking a hit on what I know the 30k can produce for me! 

Your numbers may vary.As far as SEO goes, one of the best ways to drive traffic there is to produce relevant local content.

Will the rents you get in cover the mortgage plus expenses (portion set aside for future repairs or cap-ex, maintenance, insurance, taxes) *and* produce cash flow? 

I'd like to suggest a book to you, maybe you've heard of it before – it's called The Innovators Dilemma by Clayton Christensen.

My biggest goals for 2016-2017 are to find a mentor and have a income producing property under my belt.

Land Real Estate Investor who employs a suite of radical and innovative acquisition, negotiation, marketing, and disposition tactics throughout the United States to purchase and sell vacant land real estate for profit.  

Judy Le, why would you consider throwing away a revenue producing asset?

Then I took that NOI and divided by the listing price of $189,900 to get a fudged CAP rate of 11.1%.With that CAP rate I used the actual stated current income produced by this property - $2800 to calculate present value.