While there a few places where you can have an STR, you need to make sure you do your homework.

However, it’s essential to do some homework beforehand. 

Yes, Oklahoma is a great market to consider, especially for multifamily properties:Affordability: Oklahoma City (OKC) and Tulsa have duplexes and small apartment buildings within a reasonable price range.Landlord-Friendly Laws: Makes property management less stressful.Stable Cash Flow: Properties in Oklahoma often meet or exceed the 1% rule, providing consistent rental income.Growing Economy: Both cities are seeing population and job growth, boosting demand for rentals.Tips for Getting Started:Do Your Homework: Use tools like BiggerPockets calculators to analyze deals and ensure cash flow.Focus on Neighborhoods: In OKC, check areas like Yukon, Edmond, or Midwest City.

With that being said, in order to make the right decision the answer is in the math of the blended rate.

For quick math I have a range of each between: 700/yr to 3% of gross income

All the math works as long as it works, but sometimes life interrupts your equation.

Definitely do homework on making sure you can get a clean title and make sure that the foreclosure was on the first lien.  

Do the math, it my not be worth the trouble.

If you want to grow a portfolio, the math is clear, you must sell to Pyramid UP. $250mnth is not good performance.

Not sure if you staged it, but I did my homework early on when I first started so I know my pricing and I build it into my deals.