Re-igniting this thread - am looking for a CPA in Oklahoma that is good with or specializes in real estate as well.

If you could BRRRR and time the interest rates well Otherwise, Buying a property that is negative cash flow without any forced appreciation or a clear short term upside(flip) might be described more as gambling then investing.  

@Alex Pura Any property cashflowing that negatively and you hoping for big appreciate is called gambling.

Have around (over) $1M just sitting there in cash that you can write a check for.Then continue to save and begin looking for your purchase.in 4.5 years your ROI on the triplex, so there is that cash flow (and some will say the equity in the triplex, but do you want to gamble that on a new purchase).If you partner you will ave to cut the partner in on a percent of the deal equity and cash flow.just my 2 cents.

There are markets where the numbers work way better if you want cash flow with less gambling.

Every real estate deal is a gamble and has the potential to have a "mess" become time consuming and expensive.

I understand in your market you are forced to gamble on appreciation. 

s show up, seize your holdings and haul you away.Not a gamble I would take, but suit yourself.... and no, people don't accept my word - and I don't want them to.

I would not compare it to Vegas style gambling but I get your point. 

Best partners are people that have been doing it a long time and have good relationships with local government officials that are under pressure to increase housing options.If you have all of those things you are just gambling that the market will stay strong long enough to get your return.Be careful with the 'we just sit on it for a few years'.