First just want to state, she is your girlfriend not your wife, which is very different in regards to financial status/situation.For me its simple, I am buying this asset and taking on the risk of renovating it and as part of it will be seeking to earn income from it to better myself in the future as I know a W2 job and a 401k does not get you far in retirement.

And, as it relates to your plan, you probably know the optics of your market better than I, but I find that five unit properties are often slightly less desirable than four unit properties, simply because buyers can no longer use conventional financing for five units.

The vacancy percentage is higher than desired and it is very competitive to get renters into both units.

From what we are seeing a 60 to 70k 3 bed probably needs work or might be in a less desirable location. 3 to 4  years ago that price point was easy to find but current prices ( after repair) would exceed that amount.

It helps determine if the project will meet the desired profit margins.CoC (Cash on Cash Return): I find this particularly important for fix-and-flip projects, as it measures the actual cash return on the cash you’ve invested, giving a clear picture of short-term profitability.Cap Rate (Capitalization Rate): While more commonly used for rental properties, it’s useful in understanding the potential income from a property relative to its price.IRR (Internal Rate of Return): This is a great metric for longer-term projects or those with varying cash flows, as it takes into account the time value of money.Some investors might overlook metrics like AAR (Average Annual Return) or EM (Equity Multiple) if they’re not as relevant to their specific strategy.

I would have added Owasso to your list, and Jenks is a desirable location, if you can find a property to contract on. 

The columns change based on my MTR and LTR applicants, but I would recommend you start with the following inputs:Credit History, Criminal Background, Current Employment, Income, Employment History, Desired Lease Length, Desired Lease Start Date, Pets (if applicable), Interview Performance, and Reference Performance.The higher the cumulative number, the better the applicant.

Maybe you and your wife should sit down and brainstorm your goals and desired outcomes and then set about making an actionable plan to move towards achieving this.

. - Interest earning (not a ****** 0.2% either).

Haha,I was famous there once upon a time - https://9now.nine.com.au/the-block/i-doubled-my-money-on-aus...Negative gearing is buying a property where the rent doesn't cover your mortgage.You tally up the total monthly losses and let's say you where negative $30,000 for that year.You earn $100,000 from your salary that year.But you would only pay income tax on $70,000 as your property was negatively geared by $30,000 for that year.Make sense?