BiggerPockets also has a calculator to analyze deals, and I highly recommend you start this as soon as possible, even if you are not ready to buy.

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.

You will also need about 6 months of reserves deposited in a traditional financial institution rather than a crypto account.The next step is to find the target property and calculate the acquisition costs and costs of construction along with the after-repair value. 

If I choose the rental, then all income generated will be taxable income moving forward, because none will be off-set by the interest I could deduct.  

I don't have the 10% for the down but thinking of using a HELOC to get the money and then add it into the calculator.

Here's a bit more in detail about how rates are calculated for DSCR loans:1.

Being a responsible person has nothing to do with the financial calculation for rate of return or cash flow. 

Karl's Mortgage Calculator - This is a downloadable app for your phone. 

Each insurance company may have a different way they calculate and pay for dwelling coverage.

If that is the case then that is considered cost of doing business and I would advise that should be calculated in your costs/returns you provide to the investor.IF you are referring to the investor who is the borrower - then I would have included that cost in the loan agreement.