If you're numbers are close to actuals, I think it looks like a pretty solid deal. 

This looks like a very nice property, such a pretty pool, do you also have hot tubs?

That sure is a pretty looking bridge, I hope the local people find it to be a very useful thing.

I emailed the Minnesota Department of Commerce and they pretty much said yes, he would need to be licensed as a broker.

@Shayan Sameer,The really brief answer is that most of TN is pretty affordable apart from Nashville, which is an expensive, supply-constrained metro.The median home price in Chattanooga, for example, is about $300,000, which is a little above your $200,000 budget.

If you do sell, think about where you’d put the money, whether into more passive investments like index funds or REITs, or possibly diversifying into a different market with better opportunities.If you decide to keep renting, you’re in a pretty solid spot right now.

Perhaps check with a local attorney before proceeding.I realise I left some stuff out in the beginning, but the whole situation in general is just pretty wild.

Jon Jasniak is pretty good too I like him a lot because he now offers his course for free and he is in Texas and I grew up in West Texas. 

@Pamela Rivas is that pretty much cash deals?

As other people mentioned the areas do change pretty quickly.