Its in a small town (20k population) and has no comps.

Fix and Flips:Pros: Potential for high returns in a short period.

If you're in an area with high demand on contractors you'll probably pay a higher per sf price than in some other parts of the country for a new build. 

They have access to MLS and are able to populate reports by zipcode 

The challenge I asked myself was, 'Can I make money in real estate even when paying high interest rates?'

Usually primary vacation rentals eligible for AirBNB or nightly vacation rental usage are highly competitive.

YOu'll have high turn over with a lot of repairs each time. 

Right now I know the interest rate is high and all.

In times such as this with high interest rates, or to have a competative offer, you might offer all cash at a lower price with a short closing time frame to a seller in order to get a good deal.

We are actually in the same boat-university town with really large student/faculty/postdoc population.