It’s harder to BRRRR in the Tulsa area now due interest rates, you definitely have to buy at a great discount in order to be all in low enough toget all of your money out and the rents have to be high enough to still cash flow after all expenses (PITI, Mgmt, Vac’s, Rep/Maint, CapEx, HOAs, Util).Based on being “all in” $120K in order to BRRRR and still cash flow at least $300 mo:$120K cash out amount - at 7%/30 yr ($150K+ ARV)PI = $800 mo + Taxes $150 + Ins $150 = $1100mo PITIRENT would have to be at least $2000 mo- $1100 PITI- $200 mgmt (even if self mng, it’s exp for time)- $200 vacancies- $200 Rep/Maint & CapEx= $300 mo cash flow.

They offer free pre-qualification on their website where you can enter your data points to see available terms and rates.

Statistically, the CPA exam has had a pass rate of 45-55% and the BAR exam has had a pass rate of 40-75%.About Enrolled Agents (EAs):An Enrolled Agent (EA) is a tax expert licensed by the IRS.

Assuming the loan would likely be best from a cost/fees (and likely interest rate perspective). 

This last PM, specific for investors and with a comparable rate sheet, placed a tenant that had over 5 evictions in my rental when he said he had cleared her for credit and past evictions.

That is just a flat out lie, no lender would have any issue with a GP contributing more capital to a property.4) Stop highlighting positive financial leverage on your new investment opportunities when all you’re doing is paying massive fees upfront to buy down the rate.

We cap the rate for utilities and actually added about 10% above our normal average this past year due to rising utility costs in our area for gas and propane.  

Say Income tax rate is 25%. 

That rate does not sound out of line for an STR.

Especially in today's high interest rate environment, a low income buyer is usually going to be better off renting than buying.