Are there other factors you might need to consider such as major airports, weather, culture, outdoor recreation etc...

It's a small property, and there's very possibility for a financial little upside to anyone who leases from you (no farming, hunting etc) so you're looking at annual type recreational or maybe 'off-grid' type tenant.

The completed expansion is expected to reduce travel time from Mobile to the Eastern Shore, increasing reliability and accessibility to jobs, educational facilities, medical services and recreational activities.

Klamath Falls - Recreational paradise with exceptional value. 

On page 117 of Brandon Turner's "The Book on Rental Property Investing" he has a chart to calculate capex and I did my best to recreate this with more accurate prices (in the book he only budgets $5000 to replace a roof).

Short-term rentals 3 miles away are going for $200-$250 / night and are always fully booked year-round.The area is near state parks and other recreational areas that bring visitors year-round, and the Pittsburgh area is growing.

Other participants would ‘applaud loudest for the “largest” nothing down purchases, regardless of whether or not the purchase price paid was well above market value, had a large monthly negative cash flow, or was a property that had no other use than as a “recreational” lot.  

This was a full rehab + re-create the floor plan What was the outcome?

Bottom line - All hype, bs, misinterpretation, opinion bias, etc aside, sellers willing “owner finance” the sale of their property for one reason - and one reason only: They PERCEIVE that they are getting a higher price for their property by owner financing than by a cash (cash to them) sale.The “perceive” part is why buyers can sometimes structure terms ridiculously one sided in their favor - because some sellers are so focused on PRICE they become oblivious to anything else.It’s why I and numerous others have been able to structure 20 year owner financing loans at ZERO interest; why sellers have accepted “substitution of collateral” that gave them a lien on recreational land I had rather than their own income producing property; why sellers accept second position liens and allow buyers to obtain new first mortgages ahead of theirs (subordination), and why sellers always accept mortgages without my personal guarantee.I myself sell properties and provide owner financing to obtain a higher price.

I am currently buying in SW Virginia, 5+ acres, with recreation, commercial, and development potential.