Quote from @Rick Ilich: Thank you very much for the quick response!

I wanted something I could fix and flip for the quick capital as well as the experience of managing a project, finding contractors, etc How did you find this deal and how did you negotiate it?

A PMC is the ONLY one that will deal daily with your property.Here's some copy & paste advice on hwo to screen PMCs:Recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

Thanks Johnny for the encouraging post! 

Thank you Pat for the encouragement and advice!

We are well connected and I'm sure I could find you a buyer quickly.

I just did a quick lookup on Bankrate for 2024 and for 300k of value in OK was almost $1k less than 300k of value in FL (4800 vs 5600). 

This would obviously reduce my cash flow on both properties, as I would be paying the minimum HELOC payment plus extra towards the principal to pay it off quickly.

I would encourage house hacking, you won't be cash flowing but it helps you save while you get your foot in the door with low DP.

If that is the case, I would encourage you to intentionally start making connections with successful real estate investors.