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Since then, we have been dedicating our time to learning as much as possible—reading extensively, analyzing potential deals, and listening to BiggerPockets podcasts.After careful consideration, we decided to sell our current home and rent instead, allowing us greater flexibility as we begin our real estate investment journey.

Cash invested: $60 Sale price: $365,000 Sub-to deal with homeowner pre-foreclosure How did you find this deal and how did you negotiate it?

@Scott Lorence make sure you find a PMC that has experience dealing with college rentals. 

. …..now the problem is in the Tulsa area that deal that rents for $2000+ mo and can be purchased “all in” for $150K is much harder to find. 

In other words, I think we will probably have to be on the hunt for a very good deal or a very distressed property, and will not be investing in million-dollar multifamily properties... yet!

I would make sure your numbers are solid and that the deal would make sense and is lucrative for the investor. 

It's a super affordable real estate market where you can still find deals that hit the 1% rule and positive cash flow/great cap rates.

But the person seemed bent on me wire transferring within 3 days, or the deal will no longer be valid.

You can still find deals that are priced from $120-180k that do positive cash flow and hit the 1% rule.