Consider cash flow as being necessary to cover operational expenses, maintain healthy reserves so you sleep well at night and help secure the most favorable debt. 

There is a ring camera system that has a job site security package as well some of my investors use for their projects do not have internet it works off cellular connection. 

Personally I would pass but if you go forward I would do a lot of research on the group you are renting to and get a very large security deposit to cover damage. 

With $200K-$250K, you can secure high-quality rental properties in both cities while benefiting from steady appreciation, strong rental demand, and landlord-friendly laws.Oklahoma City has a rapidly growing economy, with major industries like aerospace, energy, healthcare, and tech fueling job growth.

Legal Protection – It's important to have a solid contract in place, typically a promissory note and a security agreement that outlines the loan terms, interest rates, repayment schedules, and collateral (often the property being financed).

They find properties and approach Sellers and secure a price, then they seek out an end Buyer (you) and sell it to you at a higher price. 

Talk with some securities attorneys, brokers, lenders. 

As I’m nearing retirement, I just invested a similar amount in first trust deeds secured by real estate at 9.75%.

(Social security, pension, 401k, etc)It is hard to retire on $350,000 of net worth.Even if that is generating 10% cash flow, you are talking maybe $35,000 which is $17,500 for each person.I personally like the idea of seller financing a home at that point, potentially exclude the gain on sale if it was their personal residence and get a nice interest return.If the house is big, it also allows them to downsize the home when they look for something to rent.

Safeguard reached out to me when I was in my mid 60s, and offered lending notes secured by real estate.