Ideally, this would be just one step in a larger plan to grow into multiple rental units over time.

In playing with the numbers a bit, I'm seeing a trend of atleast 2% rent to price and (ideally) < 7% mortgage rate needed to achieve a decent cash on cash rate.

Are you currently working on lining up funding or looking at potential properties yet? 

I also looked at hundreds of deals online and visited over a dozen properties before I landed on this 8 unit.

I found an auction person, and I see listings online.

All of this information should be available online so you'll just want to make sure you do your research. 

A 4-plex would be ideal and you could play around with doing 1 long-term, 1 mid-term, and 1 short-term, plus you, if it works on your area to upgrade your income.

To me a house hack will most likely work in Tulsa - I haven't done any research on that area, but as far as I know it's not a crazy market like places in California etc.Also read a lot, get some books from your local library or purchase some online.

There are also many online calculators you can use if you do a search for them.

Hi @Tyler Bolton I hope I can help clarify given I see a lot of muddled points of view on these matters online.