Look for a city where the population is not declining so that you have hopes of rent increases in the future. 

I cannot imagine cash flowing on a $700k property in this market, with this decline in bookings.

Unlike pricier markets, where high borrowing costs can deter buyers and potentially lead to declining property values, the affordable nature of Oklahoma's real estate mitigates the adverse effects of higher interest rates.

@Jordan Budke The supply of homes for sale declined in dec 2023 compared to dec 2022.

I'm skeptical - also I'd like an exit plan if/when then market declines in the next few years. 

He said the insurance is a killer, interest rates still going higher, you HOPE in a year from now pricing will still be strong and (sorry but I have to) if this clown gets reelected America is going to continue to decline.

Other markets had no rent declines.  

I declined.

I'm happy to get 1-1.25%.While the 2% rule is hard to meet over the last 15 years I have seen solid appreciation and only a modest decline in the last couple of years.I have also been investing more time looking at multifamily housing because there tends to be a better cash flow for the money invested.

It seems like the city had some issues in the past and census data looks like the area is on the decline, however if you dig through the news stories, there seems to be a lot of growth coming to town in the next 1-2 years, and rents seem to be pretty uniform across the area.