Generally the biggest con or concern on rural (from dscr lender perspective) is the availability of the land to build competitive supply cheaply that can challenge the value of the subject property. 

This improvement suggests a growing buyer interest and possibly limited inventory, creating favorable conditions for quick turnovers.Toledo OH - RE Analysis (April 2024) - House Sales (1).pdfDemographics and Economic FactorsPopulation and Economic CharacteristicsPopulation Size: With a smaller population of 5,341, 43620 offers less competition in buying and selling, which is beneficial for flippers targeting niche market needs.Income Levels: The lower median household income ($27,442) suggests a demand for affordable, refurbished homes—ideal for flipping projects aimed at cost-sensitive buyers.Housing and Ownership TrendsRenter-Occupied Properties: A high percentage (68%) of renter-occupied properties indicates a transient population, potentially less targeted for flipping.

So now it's about buying a SFR with a room that you rent out for a minor fraction of your mortgage payment... and that's now called "house hacking."

Compared to the previous year, price competition seems decent for the buyer, although if 2023 is any indicator of the year to come, the competition will be brutal with properties on average going over 3% asking (this seems small but across the state this average is on the higher end).

If you can handle the red tape and jump through the hoops, Minneapolis and St Paul have limited your competition and I see investors with a positive attitude growing in our market.

This investment in your property could be justified by the increase in rental appeal and tenant satisfaction, making your property competitive and desirable in the rental market.Ultimately, the choice should align with your investment strategy, your relationship with the tenant, and the overall condition of the rental market in your area.

It's certainly competitive but as long as you have everything in place, contractor, funding, and deal source it can be quite lucrative. 

Good deals are scarce, labor and materials are expensive, competition is high.

A Buddy did the dry scrape looked almost as good in fractions of the time.

I know a few agents, a few contractors, and a real estate attorney, but need to build a relationship with a good lender who can do competitive DSCR and rehab loans.