Save for a down payment, check credit, reduce debt, research real estate investing options, build a network, conduct property analysis, make the purchase, negotiate a mortgage, manage the property, consider long-term strategies, create a savings plan, and connect with experienced investors.Good luck!

Quote from @Aroldo Gonzalez: If you borrow money from your current property, that will increase your debt and reduce - and possibly eliminate - your cash flow. 

This has significantly reduced no shows.

Student loans, car payments, credit cards can all affect your DTI, and would reduce the amount of mortgage payment you could afford.If you would like to be on this list of assumable loan eligible homes, I would be happy to set you up with a list that is sent to your email. 

I reduced rental price and saw two new "saves" for my listing in Zillow but no contacts yet. 

Diversification:Investing in different markets like OKC can help diversify your portfolio and reduce risk.Encourage your fellow investor to explore the Oklahoma market further, as it presents promising opportunities for building a profitable rental portfolio within the specified budget range.

This takes a little more work, but it's the fairest and reduces the likelihood of tenants that squander utilities.If you choose #2 or #3, there are considerations:Start with an average.

This is the best way to reduce the risk of getting into the STR game, and then having a community/HOA/township change their policy and cut out the potential for STRs. 

. - Reduced contingencies.

I advise you to focus on increasing earnings, reducing expenses, saving up, and investing from a position of strength.