Agree with @Nathan Gesner about using available resources to get a sense for what is right for this specific property.

Hey Ricky,I don't invest in Ontario so I can't comment on the specific local markets BUT, there will not be a lot of opportunities to buy distressed properties in Canada.

Your realtor should be the first source of guidance.For anyone here to provide you some guidance, you have to be more specific on the ask.There are always many things to consider when planning for different strategies.

You typically want an LLC where the property is because it's a state specific device so you want it to apply to the asset you're trying to protect. 

I love that you’re already narrowing down specific zip codes and doing your due diligence.I’ve heard good things about 73170 and 73135, especially with the proximity to Tinker Air Force Base, which tends to attract stable tenants.

So your number of 715k may not be too far off depending on the square footage and also the age of the cabin.For anybody to suggest otherwise without knowing more information on your specific cabin isn't giving you the best advice to be honest. 

Are you specifically looking for COC, ROI, ROE, etc??

So each option has its specific pros and cons but since I am still extremely new and still learning I can't quite decide which option is best.

Do you have a specific question? 

The specific tenant type to target depends on your property and market.We don't require any insurance from the guests.