Buy now!”

Quote from @Mark Conrad: You definitely want professional help before buying in US.

Best place to start is reading up in the forums, buying a book or two, listening to the podcast and attending your local REIA.

She said that she knows that house is worth 300-400k (and she's right), but she told me to bring her a price that would work for me, and she would be willing to owner finance if we agreed on a price-she has done owner financing for other buys in past years.

My friend has 3 rental properties there alone and when I asked him about buying more he said if he did buy it would be there.

Hey, if you can find me a $500K property that is producing $133K in annual rents, I’ll buy that yesterday!

We would buy this house all cash. 

It sounds like you are trying to buy a second property with less of a downpayment than 20 percent.

don't be afraid of better markets in ohio like columbus. depending on the capital allocation buying old houses and having to renovate is not the only way to drive value. build rent refinance repeat and build to rent are both very strong market drivers as well and you can traditionally get infill land in areas like columbus in much better locations than where you buy.

Investment Info:Other buy & hold investment in Chilmark.