Getting frustrated with the extreme laws and ready to go to a different area.

@Drew Markert Congratulations on your recent acquisition (many never get started).Making sure you have an aggressive payment plan for the credit card(s(, as this is extremely important so that when you want to REFI your DTI is where it needs to be and that you can rinse and repeat relatively quickly. 

Once you have the cash and are ready to invest that tax advantage tend to be extremely favorable. 300k liquid is great place to start. 

Our plan is to hold long term (10+ years) and likely pay it off in 5-10 years to act as supplemental retirement income which we plan to get to with a couple more properties paid-off in Tulsa eventually.Would you pull the trigger on these two properties based on our goals?

It can be extremely beneficial to have a tax pro in your corner.

Courts are extremely friendly to tenants, give them numerous extensions, and bend over backwards to help them, so it's not uncommon to hear stories of tenants living for 6-12 months in an apartment without paying rent.  

Probably still not cheap enough for most investors to pull the trigger and probably too "run down" or difficult to finance for retail buyers.

Rates are generally 4.75%-6.25% depending on the terms of the note.The use of non-IRA funds to leverage the IRA triggers a tax known as UDFI (see IRS publication 598).  

You can speak withKristi KourmoulisAccount Executive,they are extremely investor friendly.

I know it sounds like I already have my mind made up but I'm getting as much input as I can before I pull one trigger or the other.Thanks!