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.

Thanks, Anthony G

Hi Mark P,I posted an article here a month ago from the Canadian Real Estate Magazine titled, Investment strategy for Canada's Wealthy.  

Every year, we would go to the beach I would go through my usual routine of getting the real estate magazines from the corner machine and sort through them looking for something that I thought I might be able to buy.

Charlie G.

The conditions are similar to those that would make it possible to ask for a home office deduction.The other moving part indeed is how much can you leverage, @Ariel G. 

G.

Tell your family and friends what you do to see if they are interested, if not start advertising your deal, if it's a good deal you will find cash buyers and most likely a private lender as well Another way is to run ads looking for private money  to score a good deal Good luck @Brian G.

You're a new investor ...they sensed this and you don't live onsite and are managing the property yourself ....and yes your tenants talked to each other.Now is the time to be firm and better late than never.Go over with the tenants the expectations as set forth in the lease as to when rent is due and what the penalties are for being implemented and be firm.One tenant will possibly try to "test you".... and if they do you need to follow the local laws regarding g eviction ...otherwise they will run all over you.

@Jeff G.