We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

Hold for Long-Term IncomeBuffett has held AMEX for nearly 60 yearsHeld Coca-Cola for 35+ yearsSimilar to buy-and-hold real estate strategiesFocus on Cash Flow GrowthBoth AMEX and Coke have consistently increased dividendsJust like raising rents over time in quality propertiesLook for MoatsAMEX: Strong brand and network effectsCoca-Cola: Unbeatable brand powerLike owning property in irreplaceable locations💡 The Real Estate AdvantageWhile Buffett mastered dividend investing, real estate investors can do even better because:We can use significant leverage safelyWe control our asset's improvementWe get superior tax advantagesWe can force appreciation through improvementsWhat do you think, BiggerPockets community?

If you’re considering other custodians, I recommend focusing on those with a strong reputation for consistent customer service, transparent fees, and ease of account management.

This property is being acquired at $79K per unit, a sharp contrast to comparable apartments in the area selling for ~$140K per unit.

It's meant for gap financing, so you can't compare it to a DSCR or some other kind of first position financing.  

While a western WA deal might not meet some Midwest cf metric like 1%, it will be above the market cap rate or below FMV of comparibles and give you options. 

If you go the direct-to-owner route, commit to doing consistent outreach for at least a year or, better yet, at least 2 years.

An appraiser is not going to use single family homes on the appraisal if they do the bank/lenders Underwriter 100% will ask for more comps that are mobile/manufactured to be compared to subject property.

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.

I have tons of clients with 3/4 units that also hit similar returns consistently after the first year or two.