What strategies have worked best for marketing midterm rentals in secondary or smaller markets like Portsmouth?

In one of my markets I invest in I could buy a house cash for $200,000.

.: Does anyone have any information about the short term rental market in Kyle Texas?

The two are almost entirely different markets in terms of price points, returns, tenant quality, and overall investing strategy.

Are they at market rent, or locked into below-market rates?

I see Cleveland is a market you are thinking about.

It will familiarize you with the basic terminology and benefits.

There is no one size fits all answer for this question, market to market, and property to property are all different. 

The owner doesn't really benefit much except for not having to pay a mortgage anymore?

Lots of opportunity to find mismanaged multis as well where the older mom and pop landlord has rents way below market and can come in and increase NOI just by getting units up to market rent and maybe doing some cosmetic rehabs as tenants move out.Value add multi is what I prefer and think works best here but that's with me being here boots on the ground and being more active with it.