I currently have a client looking to purchase their first investment properties here this year as well as in other Midwest markets that are also showing some of these same factors coming to light.Another thing to consider is that OKC is home to nearly 20,000 military / government workers with Tinker Air Force Base and the Army and Air National Guard posts there. 

This is my first rental and everything is taking much longer than anticipated.

@Brandon Pimm my friend and I are in jersey as well looking at Allentown as potential first rental property purchases.

We can cashout refinance this at 3-6 months from the time you bought the land. 

Welcome to BP and getting our first post under your belt. 

Structural engineer is definitely first step as Mason mentioned.It totally depends on liquidity, risk tolerance and time.

We don't buy SFH's, as that's just a waste of time, money, and resources. 

I feel as I'm expanding that having an accounting software to track/categorize my expenses would save me time.

First off, the cash-out refinance requirements have gotten tighter w/ the "seasoning" period.

OK now imagine you did it 10 times in a row and all 10 times it landed on "heads".