You’re 3+ hours away, so relying on a management company is smart, but they’ll need to be on top of things to handle noise complaints, damage, or flaky rent payments (some students lean on parents who might not always pay on time).

It’s harder to BRRRR in the Tulsa area now due interest rates, you definitely have to buy at a great discount in order to be all in low enough toget all of your money out and the rents have to be high enough to still cash flow after all expenses (PITI, Mgmt, Vac’s, Rep/Maint, CapEx, HOAs, Util).Based on being “all in” $120K in order to BRRRR and still cash flow at least $300 mo:$120K cash out amount - at 7%/30 yr ($150K+ ARV)PI = $800 mo + Taxes $150 + Ins $150 = $1100mo PITIRENT would have to be at least $2000 mo- $1100 PITI- $200 mgmt (even if self mng, it’s exp for time)- $200 vacancies- $200 Rep/Maint & CapEx= $300 mo cash flow.

Keep taking action and at the same time be patient :) 

I am 67 and retired as one of the top Business Development entrepreneurs in the United States so this is a fun way to give back to the industry while changing it at the same time it needs it.. and it is that simple. .

Once you have the place under contract you are time limited.

Just another way to diversify and get a great return at the same time.  

They've even called my mom who we don't live with anymore (but lived with at the time we applied for the loan).

The city of chicago does not come out every time to read the meter for the water bill so they produce an estimate.

**South Mountain** - Still relatively affordable with growing appeal to first-time homebuyers2.

You have to pay fees, but you'll have a professional handling issues instead of bleeding money trying to figure it out for yourself, then you have your time free to pursue other things.