Thanks in advance for any insight you all might be able to provide!

When you have studied your market properly you should be able to provide the answer of if single family or residential multifamily is better for cash flow. 1% rule was for a time when almost all deals were decent as a way to rule out the lessor deals and concentrate on the best deals.

Yes, Oklahoma is a great market to consider, especially for multifamily properties:Affordability: Oklahoma City (OKC) and Tulsa have duplexes and small apartment buildings within a reasonable price range.Landlord-Friendly Laws: Makes property management less stressful.Stable Cash Flow: Properties in Oklahoma often meet or exceed the 1% rule, providing consistent rental income.Growing Economy: Both cities are seeing population and job growth, boosting demand for rentals.Tips for Getting Started:Do Your Homework: Use tools like BiggerPockets calculators to analyze deals and ensure cash flow.Focus on Neighborhoods: In OKC, check areas like Yukon, Edmond, or Midwest City.

For me personally, our STR and our little inn provide more than half my family's income so I feel I have a fiduciary duty to my wife and kids to maximize that. 

The spacious primary suite features a private full bath with double vanity, while the flexible layout provides options for bedrooms, an office, or hobby spaces.

Nothing is being added in its place, they just want "less units" which provides more open space.

Regarding fire prevention, luckily, we're members of the local community organization that provides a Firewise assessment to members.

I know that ideally, I reach out to my broker or any other reputable insurance provider to get a more accurate estimate.

Hi Vijay, Can you provide pics, the zip code and numbers so readers can evaluate your deal? 

It is also helpful because we are Realtors and real estate investors and it provides a cushion for months that are leaner than others.