Not sure if "all homework" was done here.

Quote from @Jacob Riddle: Hey guys my name is jake riddle, 29 w/ 5 kids.

All kidding aside congratulations on the new business venture, I happen to be the President of the local National Association of Residential Property Managers chapter here in Austin and we are always looking for new members.

Life is busy with regular work and a few kids, so just looking for any way to maximize our time where we can!

If you can, bring a contractor or inspector when you check it out to get a clearer idea of what you’d be dealing with.It sounds like you’re doing your homework, which is key!

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.

I understand it was (allegedly) caused by a kid, but parents must take responsibility for their children's actions.

I am excited to get started investing in real estate in out of state Long Term Rentals.Outside of real estate, I enjoy spending time with my kids, as well as mountain biking and other outdoor adventure activities.Excited to learn and connect with you all!

Quote from @Olga Daisel: Folks,I am a mother of 2 small kids, 3 and 5.

Estimated costs range from $500–$1,000 annually, depending on the complexity of their LLC and rental activity.For Partner 2 ($148K joint income, W-2, 1099 income, 1 rental, 2 kids), a CPA is strongly recommended.