I also compare with Rabbu numbers and use their STR calculator to run numbers.

I'm comparing this to investing in an ETF fund, which in the long term averages out to 10% returns per year. 25% down plus all all the closing costs and various expenses could be more than 200K.

And if that is the case, then I think moving into a duplex would be a good ideaIt looks like you have pretty good income, coming in compared to your expenses, so I would say open up a HELOC on your home in order to access some of the equity that you have in your home.If your home appraises at 360k and you own around 160k then you could likely get a loan for around 130k.

What’s great about Oklahoma is that the lower purchase prices often lead to higher cash flow compared to some parts of DFW.

Cash out refi will let yo go up to 75% LTV allowing you to get that extra 5% compared to a Heloc.

These types of properties typically require less hands-on involvement compared to larger, more complex investments.

It is fairly basic compared to other changes in accounting method.

@William StromGenerally speaking condos can have higher HOA fees compared to Single Family Homes, so this can sometimes translate to less appreciation, but that can also mean a lower purchase price, so you can sometimes get better cash flow on a condo.

If you do not, you may get bids from contractors that can not be compared to each other because the contractors have a different view of the quality of work or materials you envision.

Create a simple spreadsheet or written list to compare the features of each and identify the ones that align with your requirements.