While there are many advantages like low property taxes, landlord friendly, strong appreciation it's not going to be as cheap as the Midwest and have the cash flow with 25% down.

I don't have much cash and my credit is not the best.

@Kyle Smith- do you have the cash to be able to do this ?   

@Phillip Rosin - Based on the info you provided, I recommend that you start with a Fix to Rent short term loan to purchase the property and rehab it, followed by a cash out refinance into our DSCR loan.

The cost of living is extremely low compared to other cities and you can still many many positive cash flowing and 1% deals here.

Purchase price: $198,900 Cash invested: $36,000 Primary home till we flipped it to an STR after purchasing a new primary.

Wholesalers knew what was happening, cashed checks and looked the other way. 

My wife and I have made several offers on multifamily houses recently but keep being beaten out by (lower) cash offers.

@Ian RadcliffeThe BreezyLand Team has been in the land business for 4+ years and does land flipping/wholesaling and minor developments to sell to home builders.We went through all the ups and downs, did mailers, text msgs, cold calling, ringless voice mails, the works - until we had enough of that cash bleeding.

RE is nothing but math, sell it as is to an investor cash, if it makes sense, OR fix and sell, KEEP IT SIMPLE.