From what I hear it is low, but still there.Keep in mind your loan will likely get sold, so you need to do more due diligence other than what a loan officer is telling you.

Pull your tenant-landlord laws for your area and arm yourself with as much education as you can about being a first time landlord. 

I did not want to spend 50K on doing separate meters for where I have my rentals it would cost me this much.

Hello @Alex Silang,It depends on your goal.

It’s great to hear that you’re looking to invest in the OKC market—it’s such a fantastic area with strong long-term potential.

You know how we do it?  

Especially, if you would consider doing some out of state investing! 

If you have, you have put yourself at great personal risk.Again, I recommend you get a lawyer as soon as possible.

Generally if your property was under your personal name, most financial institutions would go up to 80% Combined Loan to Value (CLTV), but because of COVID 19.

@Kyle LipkoRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?