Northern Virginia can indeed have a high barrier to entry, so exploring out-of-state options is a smart move, especially for first-time investors with a smaller budget. 

Based on others' success stories, there's reason for me or others interested to inquire. 

Has anyone had experience with CRM Properties based  in Kokomo IN? 

Based on your experience, in general, what is the rational or the steps in getting into a new market.

Depending on the location STR is going to make the most money because condo rentals are an attractive option due to the amenities.

The numbers are all based on things like vacancy, repairs, capex, interest rate used and more.

Your best bet is to talk with the seller about financing options. 

Or, the final option is that I am missing some components in analyzing this deal (more then likely as this is a very early attempt to analyze a deal). 

That would be his issue with his lender.You would have the option of forcing him to complete the deal, he then has to work out the problems between himself and his lender, that is none of your problem or business.Have your attorney or the real estate agent's broker send a strongly worded letter as a warning about the consequences ( a lawsuit he is unlikely to win).

Hello,I'm an investor based in Seattle seeking opportunities in markets that offer positive cash flow.