Get familiar with the local market trends and property values.

Yes, Oklahoma is a great market to consider, especially for multifamily properties:Affordability: Oklahoma City (OKC) and Tulsa have duplexes and small apartment buildings within a reasonable price range.Landlord-Friendly Laws: Makes property management less stressful.Stable Cash Flow: Properties in Oklahoma often meet or exceed the 1% rule, providing consistent rental income.Growing Economy: Both cities are seeing population and job growth, boosting demand for rentals.Tips for Getting Started:Do Your Homework: Use tools like BiggerPockets calculators to analyze deals and ensure cash flow.Focus on Neighborhoods: In OKC, check areas like Yukon, Edmond, or Midwest City.

Learn your market inside and out—know property values, motivated seller strategies, and how to analyze deals properly.

Be sure to check out the free tools BP provides to help analyze deals you may have and also market insights.

Refinance is one way to do it, if you want to avoid getting new debt because cash flow is high look into lease options to buy or executory contracts.

Happy to provide some of the correspondence they sent related to the program if it's of any use.  

There’s not really a lot of value add opportunity or sales comps in this space for our area.I typically (BRRRR) purchase fixer uppers with cash, fix up, rent, then refinance on a DSCR and get all of my money back.

Houses in my development have sold as high as 585k, my house was appraised for 475k as is.

Specifically the area I marked in yellow.Any help here would be highly appreciated.Thanks!

Suffolk also did great; average 2-4 unit values rose 7.3%.