From asking around the community, it is difficult to find cash flow under the current market conditions.

My area (Anacortes Wa) doesn’t seem like a good market for multi family.

It can be challenging to find ways to house hack in a market like this one for sure.

- best markets to buy?

The rule states that 75% of market rents for all units must be more than the total mortgage payment.

I think the real question should be what is the best CRM specifically for the real estate market (e.g. rentals, lending, etc.) - and that one I am still waiting for someone to come up with on.

Marketed the property for $179,000 and went under contract and closed for $186,000.

And it works in any real estate market depending on your needs.  

I am leaning towards demolishing the house and building a simple 3/2 but I have no market data in the city for new builds in recent years.

I’ve interviewed a couple of Realtors in Oklahoma City, but I’ve been finding that the general consensus there is that the market is not in a cash flow cycle.