Never thought about it but that is clearly a key piece of knowledge that can come in handy whenever needed.

(key piece of the story) And where are you/the property located?

Also thanks for following the journey.Yeah the investing out of state thing seems to be a simmering trend right now.

🙏☺️ I completely understand where you’re coming from & you’re right that owning real estate is a key step toward truly being an investor.I’m still new to the game, but I have a solid plan in place to move toward ownership & establish myself as a real estate investor.

We are in a safe community, so tenants can choose to leave the door unlocked or hide a key under the mat.

A few key questions I have:1.

This zip code also has room for appreciation as OKC continues to expand westward.Building the right team is key!

Key Factors for a Good Seller-Financed DealCash Flow: Rental income should exceed monthly payments (PITI) by at least 1.25–1.5x.Purchase Price: Compare to ARV and market value for fair pricing and equity potential.Interest Rate: Aim for competitive rates; higher rates must still allow positive cash flow.Amortization/Balloon Terms: Favor longer amortization and align balloon payments with your exit strategy.Down Payment: Lower upfront costs reduce risk but should meet the seller's expectations.Flexibility: Seek no prepayment penalties and fair late-payment clauses.Property Condition: Ensure the property’s condition matches terms through inspections.Seller Motivation: Assess the seller’s willingness to negotiate favorable terms.Exit Strategy: Have a clear plan for refinancing or payoff at term end.Portfolio Fit: Ensure the deal aligns with your financial goals and risk tolerance.Vetting multiple deals and consulting professionals is crucial to making sound decisions.

Your title, “new to real estate” may offer a key.  

DealMachine and direct mail can work well, but consistency is key.