Price : $100,000,  4126 Laverne St, Oklahoma City, OK 73135, seems like good condition throughout.  3Bed/1Bath750sqftSchools are mostly 2/10Average rent for the zipcode is $950What do you guys think about this deal?

I spent the entire 300K on restoring the property and did not think I could deduct 50K and that my basis would remain 50K.

I think the thing you have going for you is your religion; you have to know some other folks of your faith and where you can find like-minded individuals.

But, I also think the access to information today: all the books, these forums, conferences, gurus on social media...  

I don't think there is a right or wrong here.  

I think every market and every person have their own reasons, but here are some thoughts from a property manager.Pros for self managing / cons of PM- Keep all the revenue- You have 100% control- You own listing, photos, etc- Nobody will ever care about your investment as much as you do.Cons for self managing/ Pros for property management- This is a 24h / 7days a week business and I imagine you have at least somewhat of a life I imagine. 

I used to do essentially free consulting with new investors on it but gave it up for some of the same reasons - everyone thinks you can just sit at home and buy good properties across the country that are in great shape. 

Current owner is willing to break even on the purchase price however, in my opinion I think he should consider 5 or 10k less then the purchase price considering the amount of repairs he neglected over the length of ownership.

@Olga DaiselI think we are lacking some key details of your plan.

@Amir Portal  I think you should stay open to all areas.