Thats a different perspective.. the guru's cannot be national gurus and be at the street level  too many students in to many time zones.

Hi @Briley RoeNice to hear that you made the first step in investing.Looking at the deals, I would need more information, but per the data that you have, the Cap Rate is within a good acceptable amount.Cash on cash is low, but depending on the area that you are the appreciation will catch up.

It’s harder to BRRRR in the Tulsa area now due interest rates, you definitely have to buy at a great discount in order to be all in low enough toget all of your money out and the rents have to be high enough to still cash flow after all expenses (PITI, Mgmt, Vac’s, Rep/Maint, CapEx, HOAs, Util).Based on being “all in” $120K in order to BRRRR and still cash flow at least $300 mo:$120K cash out amount - at 7%/30 yr ($150K+ ARV)PI = $800 mo + Taxes $150 + Ins $150 = $1100mo PITIRENT would have to be at least $2000 mo- $1100 PITI- $200 mgmt (even if self mng, it’s exp for time)- $200 vacancies- $200 Rep/Maint & CapEx= $300 mo cash flow.

I agree with many of @Alan Asriants' points, especially when considering OOS Sec. 8 investing.A lower price point or smaller investment doesn't always mean low risk.House-hacking locally could be a better transition depending on your goals and situation.

Hey Chris,If she was to buy it then he'd get even more money, although I guess maybe her cost would be far lower to finance with low down payment.

If it's currently an STR they should be able to provide you with the p/l statement from prior years so you can see gross rents, operating expenses, average daily rates and occupancy levels.

Pace actually answers his DMs, which is almost unheard of at his level.

Low maintenance building, top-end rents for the area due to the extensive work that was done and the location.

Not a bad return.Permitting for ADU shouldn't be too much of a challenge as long as you have the appropriate lot size, level grade lot, and ample space for parking - which is what the townships care most about. 

Creative financing options like seller financing or assuming a low-interest FHA loan can also help you secure better terms.