However, to close the deal, we each need to contribute an additional $7K.

Furthermore, choose your deal provider carefully.

Now, you need to figure out how to find deals and pay for them.

With that low interest rate, you will have paid down a lot of equity in the deal and should be able to finance with a bank.

Quote from @Darnell Holland: Hello, I am looking to do my first tear-down and rebuild development deal in Nashville.  

Now, you need to figure out how to find deals and pay for them.

As to effort, most of his students find those deals on MLS.

For a truly passive experience you'd probably need to be an investor in private equity deals or be a silent partner on a project.

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.

Instead of shelling out $60K for a $250K deal, maybe some of you can help me figure out (or give referrals) to title companies, etc, or give overall advice how to save me money from this enormous financial endeavor (closing the deal).Thanks!