New to BP New to Investing!

[Brent Blackburn]

Hello everyone my name is Brent, I've just recently stumbled upon this great website. I have to admit at first I was just assuming it was a site just trying to sell something but there is much more here. We are closing on our first home that we lived in on the 19th. It was a HUD home that my wife and I updated and are now selling. We bought it for around 100k and are selling it for 143.5k. We didn't make a killing but I learned a lot and I'm absolutely ready to keep taking baby steps in my real estate investing career. I'm looking at cashflow properties. The areas that I'm in are smaller town compared to most but both have a huge demand for rental properties. Since the major city (Tulsa) is about 30 minutes away it gives me a good opportunity for rental inventory. I'm having thought of looking for owner finance houses. My wife and I have a mid 600's credit score. We have no negatives on our credit but a small credit history since we didn't really have any debt. After this house is closed the only debt we will have is my wifes car. However, I don't feel like the banks will be willing to fork over the money. Again I'm very new but it seems to me as an owner finance situation would allow me to keep more cash in my pocket and get a better deal in the end. I'm open to any and all thoughts!