There is a 6 unit multi nearby that I wish I had capital to pull the trigger on now.

You can connect with nearby investors by sending your colleague requests here https://www.biggerpockets.com/meet

this area is very very active, new construction going up everywhere,  recent article stated a 18.00 per hour wage minimum to rent, average rentals are 1100 plus for small places, big university nearby,  basically no such thing as a rehab for a steal,, area just so active, professionals are closely tuned in on "deals"  the area is small compared to big cities so hidden "gems" are more exposed to realtor investors with similarly interested investors.... 

For the price I would bid I was going off of another HUD home nearby that was very similar.  

Anderson is one of the top suburbs in Cincinnati, with an outstanding school system, and has a great private grade schools and a high school nearby as well.  

Anything great than 6 months would be a buyer's market.Time to buy would have been back between 2001 and 2011 when people couldn't sell their houses due to the stigma of environmental issues (see last comment) and competition with nearby Cobourg, ON.How long will the current market dynamics last in Port Hope?

Personally, it's a mental game I play with myself where I enjoy stockpiling cash and watching my account grow every month, so cutting it in half is the tough part.

I would probably either go for that vacation rental (fair warning, I don't know much about vacation rentals) or look for a multifamily or commercial nearby.

What I'm hoping to do or what my goal is, is to lease individual rooms on both sides to college students (it's close to a community college nearby and college as well) and maximize my return.

Rome has a couple colleges near by which was appealing to me.