- Current rent rates are roughly 200-250 cheaper than what this market could support "ONCE" homes had some love.         17 doors,  Total mth Rent 9,600    (avg 564/mth)Consists of: - 1 apartment - 8 door, built 1980, not beautiful but functional.

Currently have tenants and paying monthly consistently.

Consistent work will get you the results that you want.  

I am a local broker and vacation rental manager here on the Island. 16 years here on the Island only.

If you consistently analyze properties, recognizing a good deal will be much easier when it shows up.

They point to the company doing 30-40, which is directionally consistent, deals a month so you wont necessarily find it in any database.

Affordability: Oklahoma offers affordable real estate options, making it easier to acquire properties in the desired price range.2.Rental Demand: OKC has a steady demand for rental properties, particularly in the affordable housing segment, which can ensure a consistent income stream.3.Economic Growth: The state's economy, including sectors like energy, aerospace, and healthcare, contributes to a stable job market, attracting renters and supporting property values.4.Investor-Friendly Environment:Oklahoma's landlord-friendly laws and reasonable property taxes make it favorable for real estate investors.5.

This house currently has no renter though they are actively looking to put one in the home.House 5. rents for $725/m the loan will cost me $13,000 as a down payment and $6,000 closing costs, and should cash flow approx $275/m after mortgage payment are made.House 6. rents for $725/m the loan will cost me $14,000 as a down payment and $6,000 closing costs, and should cash flow approx $250/m after mortgage payment are made.To be able to make this down payment I have the option to:HELOC my current home which cost me about $850/m in repayments OR I can find a hard money lender who would be interested in working with me, I am currently putting together a hard money lender proposal to show a couple family members that would basically look like this: No repayment in the first 12 months, all income going into an account to allow for repairs and emergencies, after that taking the cash flow and splitting it 75/25 to the lender paying it off in approximately 13 years, sooner if we can make extra payments on it and giving the lender an 8% return on his money(about .5% less than what I was quoted for my HELOC).ORI can potentially do a deal with my brother who is also looking to get into real estate and we split the properties 3 a piece.These properties are right outside of a military base in a low income city but have done well for the family currently owning them with consistent long term renters in them.I am looking for any advice as to whether or not this is a deal worth pursuing.

They are based in CT and predominently manage properties east of New Haven and southern Rhode Island.

Our neighborhood is desirable due to somewhat of a location hack (we are 1 minute away from Swimming Pen Creek then on Fleming Island for you locals), so we expect to be able to sell in 2 years and cap a 200k payday tax free.