Purchased my first Oklahoma rental in 1997 and own a large portfolio today and am still buying.

@Sean Dillon I am also from Long Island and house hacked 2 of my 3 rentals there before I moved.

This was my first deal using a wholesaler.

Happy to have a conversation as a lot of my clients are international investors in the US.

The land is on two tax lots so my plan is to sell the extra lot immediately after closing for a projected $275K.The property on the other lot will be a fix and flip with projected costs of $240K and an ARV of $750K.I plan to use a PML of 2 points and 12% APY for 70% of the total cost.

Here are some hard numbers from my end:40k — 60k down payment6% minimum CAP rateMultifamily — 2 to 4 unitsColumbus, OHSome of the questions I have revolve around the actionable steps I can take as well as the hard numbers I should be on the lookout for when analyzing a property as being a good deal or not.I would be more than happy to schedule a call at your earliest convenience to discuss the details.

I ride bikes in my neighborhood and bought two houses in a similar way from tired landlords. 

I started out with a house hack, and I would say that that was definitely safe for me when I was in college as I could afford the Mortgage even if my renter didn't pay.

If you are talking about 2-4 units, then it's really no different in my opinion.

@Mark Towey I don't "farm" areas personally, it doesn't really fit the niche I'm personally going after, but what I have heard from some major agents in my market lately is that farming is not near as productive as it used to.