Do you think it's common for a tenant to sue for an amount greater than insurance can cover, then take your property or even your personal assets? 

Price : $100,000,  4126 Laverne St, Oklahoma City, OK 73135, seems like good condition throughout.  3Bed/1Bath750sqftSchools are mostly 2/10Average rent for the zipcode is $950What do you guys think about this deal?

I think I'll start out where I live and probably branch out outnof state once I build my knowledge and experience. 

I'm thinking I can get the property for $380k plus 50k rehab.  

@Olga DaiselI think we are lacking some key details of your plan.

It's because they think there is some "secret formula" to success. 

I'm thinking long term rentals will be a good retirement plan.

I also have a few older homes I think I have a couple built in the 1910's. 

@Mike Terry I think you need to stick to the script. 

Hello @Timothy Hilario,I think there are benefits to both strategies.If you move out of your apartment and rent it as a mid-term rental, you could see decent cashflow without pulling equity out of the unit.