There are several like Toledo - for example Cleveland, Dayton, Cincinnati, Washington Court House. 

I am heading to a multifamily event in Washington in mid Jan. 

If rates go up the housing market struggles even more / and with election season the current administration isn't going to want the heat of higher rates looming over them at the polls.

Quote from @Sara Frank: Surprisingly, there are pockets of Washington DC that can net you significant cash flow using Section-8.

Be prepared to handle administrative tasks, build relationships with industry professionals, and bring a fresh perspective and strong work ethic.

Quote from @Ashish Wa: Quote from @Jonah Hartsburg: We have collaborated with Hemlane to do a lease-up for an OOS investor.

This is on top of the several year Covid forgiveneses and current administration. 

You are going to turn off a lot of lenders with your post because you are clearly going to shop every term sheet that's turned over to you with a focus exclusively terms with no regard for the servicing, loan administration and most importantly what that loan officer can offer you in the future.

The land is on a 20-year lease.Being in WA state, options are limited in my area and homes prices are somewhat out of reach. 

My name is Rachel - I currently live in the Washington, DC area but have ties to Spain and am making it a target to move there farther down the road.