Ohio has potential for that price range.

It's safe to assume that some portion of the potential tenant pool may object to living next to an electrical substation.  

Study the area’s demographics and potential tenants’ needs and interests.

Looking for market specific consultant and potential MTR property manager. 

So, potentially 4-500 SFR homes and a fraction of that with optimal actual beach access and eligible for a short term rental permit.

However, be wary of hidden liabilities, the one-year redemption period for the previous owner, and potential title complications.

I'm currently in contact with a realtor on one that is loaded with potential - immediately off of a major freeway exit ramp with the ability for signage facing the freeway with the potential of being a medium-sized facility. 

NACA is great for first-time buyers and will work with you.Neighborhood Assistance Corporation of America (NACA) details:NACA was formed in 1988 and provides an affordable option for potential first-time buyers:✅ No down payment✅ No closing costs or fees✅ No mortgage insurance✅ No consideration of credit score✅ Below market fixed interest rateThere are several requirements to be eligible, starting with attending one of their workshops.https://www.naca.comI wouldn’t worry about the DSCR and LLC right now.I wish you all the best.

This is higher risk, but also higher potential upside.  

If you did get a 3BR townhome, its likely the HOA on such a townhome is significant where it would bump you CF negative.You will not find a 3BR in Cary for $300k that's turnkey, other than potentially a condo at time and again, those HOAs will take you CF negative.