Be aware that it is a hot market in PR (still hot) and sellers shy away from offers that are not all cash. 

Cleveland is a solid market, I also like a similar market of Dayton, OH which is 50 minutes outside of Columbus and has similar cash flow with more landlord friendly laws.

Is the market about to start popping again?

Hello,I'm Johnathan Shub, a beginner investor currently exploring the real estate market in Oklahoma City.

The downside to this strategy is that I would have to pay additional closing costs.

@Francisco Jasso Any updates worth discussing for either of you regarding challenges/successes in the Portland/Vacncouver market since your posts last year?

So many deals to do in our market.

The construction cost is estimated to be around $180,000.Buying a Property in the Midwest: Alternatively, I could take the $180,000 and buy a property (or properties) in the Midwest, where the rental market is more affordable.

Since this is a STR Conference in a mountain vacation rental market, we do hope any out of town visitors will stay in rental home, but for those who want to come to the Poconos STR Conference and stay in the host Camelback Resort Hotel, their rate is $159/night (plus tax and resort fee; $215.70 inclusive) with self-parking waived.

That way they are more invested to continue to make payments. 100% seller financing can be risky if the market changes and your upside down on it, and the owners stop paying.