I ran the numbers so that I could pay the MTI with two out of four rented, have cashflow with three units rented, and make a handsome profit with four rented.

No way should you even start to think about outlaying that much money unless maybe you were going to be selling the unit and profitng handsomely from it on top of that expense.  

As you can see by my post count under my dashingly handsome headshot, I've been on BP for quite some time, and I can tell you that I have personally read 100's of these types of threads.So the question is, why is this?

On the other hand, some of those homes may be grand-fathered in.You should check with City zoning to see specifically what is allowed.

I agree the UK is a great place to make handsome returns.

I promise, im more handsome than the black dot that my picture displays.

Of course that means a 1/3rd rent lost since you'll live there, but thats better than paying a difference of several tens of thousands up front, and you can just move later.Btw, if you go this route, be careful with the language you use with the mortgage officer, agent or closing attorney around how you're using it as an investment vehicle versus a primary residence that will so happen to pay you handsomely.

I currently live and work full time in the OKC area and have seen first hand some revitalization of certain areas, but did not know where to begin this journey so here I am trying to learn about the industry and create positive cash flow properties. 

On the other hand, some of these really high end areas they have lots for sale for $29,000,000!

There are people out there paid very handsomely to crunch this data, you dont have to reinvent the wheel for sure.Experience in doing deals consistently in your market, coupled with the data tools, and having the market history tools will be your trifecta in mastering your market.