Let's rounded to $400/mo/unit to simplify the numbers.That is an income of $1600*12/yr from rent ~= $19,200Now, expenses:Maintenance: $9,600/yr (50% rule)Taxes: Around 1% ( lucky New Mexicans): $1,700/yrMortgage Payment ([email protected]%): $763/mo ~= $9,150/yrInsurance: Around $1,000/yrPossible Cashflow per Year: 19200 - 9600 - 1700 - 9150 - 1000 = (-$2,250)A negative cashflow does not look so good, but here are 2 opportunities to increment it:1) Increase rents.

I figure if I can average buying 2-3, do the necessary remodel work (ceramic wood-look floors, white semi-g-gloss walls..basically renter-proof the house) and hold it long term that in 10-15 years I'll be paid off and have great cash flow to retire on.My amateur thoughts are and keep in mind this is my limited guess on the oklahoma marketplace is:buy house 60-80K. invest 0-15K remodeling and simplifying the home.

I know I'm over simplifying, it doesn't seem that hard I would imagine @Jay Hinrichs saying "Questionable ethnics is like ice in your drink at a burger flipper, the higher the volume the more ice they put in your soda, and will use words like *cooling optimization* to defend the scant amount of soda in MY DRINK!" 

Thanks for simplifying it for me. 

Thanks, I actually didn't even think about simplifying it as simply classifying them as roommates.

This simplifies things for my heirs and supposedly accomplishes the same protection that multiple LLC's afford.  

This one is a remote flip for me so I am trying to simplify things as much as possible. 

It simplifies a lot of work.

This is a simplified answer but “fixing a couple little things” will not make a huge difference.

@Joshua Rountree - Simplified, but yes.1.