We’d rather accept a lower offer from a true cash buyer who can close smoothly and on time, using our trusted title company.

Cap rate (NOI/Price) isn't a meaningful metric for you here: You instead want cash-on-cash return (Cash_Flow/All-In_Investment), which tells you the rate of cash returned on your invested cash.

short term rental is more of a business, you can make more cash on cash (with more work) and get fantastic tax benefits if you work with the right accountant.

I no longer work from a place of scarcity.I set myself up for success and work from a place of abundance.I have built my cash buyer list to close to 5,000 buyers, invested into a coaching program for private lending, and developed multiple exit strategies to be ready for any situation that presents itself.It let's me earn $40k per deal consistently today and occasionally hit some $90k+ homeruns.Embrace your mistakes, learn from them, and adapt.This is the only way to grow.

Purchase price: $149,000 Cash invested: $149,000 3/2 block house .60 acres What made you interested in investing in this type of deal?

seller is really looking for a cash sell, so i think it's a stretch. 

Needs cash-buyers?

They clean, advertise, provide linens, etc.

i say this not to discourage you, but just to help set expectations.based on the numbers you provided, for example - 40K down payment + closing costs + rental and make ready costs - let's call that $50K. 

When you make a business that involves real estate, your business and investing go hand-in-hand and you may be able to find some really good deals in Cincinnati by just providing services in the area.