However you need to be disciplined not to get back in consumer debt again or you will waste this opportunity. 

It’s always good to have an extra bedroom if possible, as it can attract more tenants or allow for house-hacking opportunities.

Congrats on finding this opportunity so early.

Hi Joseph, do you have a specific question about the opportunity that we can help with?

Mostly class B, I'd love to keep them but if there's a great opportunity in the MF world I'm all ears!

I've also reviewed work done by both CPAs and tax preparers in large and small firms.I'm constantly learning new income tax strategies, reviewing my understanding of tax legislation and opportunities that are created with new legislation. 

While Colorado's market can be challenging due to high prices, exploring suburbs like Colorado Springs or Pueblo, or even considering out-of-state markets in the Midwest or Southeast, can open up better cash flow opportunities.

I wanted to help them out and minimize their loss and saw an opportunity to get a property slightly below market because of my commission savings, immediate mortgage and maintenance relief, in addition to keeping a lower short term interest rate How did you find this deal and how did you negotiate it?

Here’s why Oklahoma might be a great market for you:Affordability: Properties in OKC and Tulsa are often under $200K and offer strong rent-to-price ratios.Landlord-Friendly: Simple tenant laws make managing rentals easier.Growing Economy: Job growth in energy, tech, and aerospace fuels rental demand.How to Evaluate Deals:Run the Numbers: Ensure positive cash flow, check cap rates (6–10%), and use tools like the BiggerPockets calculators.Find Deals: Network with local wholesalers or agents, and look for value-add opportunities in stable neighborhoods like Edmond (OKC) or Broken Arrow (Tulsa).Let me know if you’d like tips on analyzing properties or finding deals!

While purchasing under market value is a great opportunity, stretching your budget too thin can add significant financial stress, especially during the renovation period.