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.

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

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.

If you cannot find what you’re looking for in your market and you don’t want to invest too far, consider pivoting to a single family home.

Finding deals has always been my biggest challenge and I've leveraged wholesalers, RE agents and my own marketing to find properties, but still not the greatest amount of deal flow.

Unlike the stock market, you can also use leverage, which could significantly increase your ROI.The bottom line is that you can get better returns investing in alternatives (real estate or otherwise) and more control investing in real estate (you have zero control over the stock market).

I am already starting to see more activity in the market as the interest rates drop, across my listings and also more of my buyers becoming more active, I am sure this will be a domino effect and eventually cause sales volume to increase across the market as a whole both locally and nationally, DOM to decrease, and create a temporary FOMO in the market if rates drop to quickly.

The financing contingency period is up tomorrow and it looks like they are going to back out, so I guess we will put the property back on the market as a cash-only purchase and see what happens. 

I think building an off-market pipeline will be more important coming up than ever because of the change.