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).

Travel time to and from each showing counts.

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 :) 

It's totally normal for it to take some time, often about a month or so.

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. .

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

Time to get serious with the books.

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

We notify 2 units at a time, 60 days before expiration, that their rent will be raising.