There are some great neighborhoods here that balance cash flow and appreciation, like Fountain Square and Bates-Hendricks, and parts of Irvington.

The most profitable option is Airbnb, the most passive is long-term room rentals, and a hybrid approach can balance both.

It’s a good balance right now still competitive, but not out of control.Beyond the housing numbers, Oklahoma’s economy is thriving.

It's smart investing to have a balanced portfolio.Now that being said, is this property a good rental? 

You both clearly have experience dealing with this firsthand, and I want to see if there's a way to balance enforcement with profitability.

There are dozens of check boxes, some of them matter, and Balance Sheet and capital accounts are now required.

My other advice is to make sure this is the best decision when balancing your family and finances.

@Tom S.1) Under the IRS multiple loan rules there is a 12 month look back period (see reference to 12 months in the IRS post) whereby the highest outstanding balance of any loan during the prior 12 months will be considered outstanding for purposes of calculating how much you can take on a subsequent loan. 

., Profit & Loss statement, Balance Sheet)Credentials:No formal certification is required and may or may not have a high school diploma, but some bookkeepers pursue:•QuickBooks ProAdvisor Certification•Certified Bookkeeper (CB) from the American Institute of Professional Bookkeepers (AIPB)•Certified Public Bookkeeper (CPB)Caveats:Bookkeepers do not handle and probably should not handle tax planning, financial analysis, or compliance work.

Since interest rates are now higher than the mortgage on your current home, you'll want to calculate that monthly difference.SIMPLIFIED Example: current house mortgage interest rate is 3%, balance $250k.