It's great that you're looking to diversify your investments and potentially venture into real estate.

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.

This provides the potential opportunity to achieve strong returns while keeping rents somewhat affordable. 

Looking for market specific consultant and potential MTR property manager. 

Being an MLO could potentially open doors through creative financing for you. 

Ohio has potential for that price range.

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. 

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