It can be challenging to find ways to house hack in a market like this one for sure.

The rule states that 75% of market rents for all units must be more than the total mortgage payment.

Marketed the property for $179,000 and went under contract and closed for $186,000.

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.

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.

You might want to ask this specific lender, as they already made the initial loan.The construction loan is not recorded on the land? 

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.