Are you local here in OKC?

In 2022 the rents increased 12.1% year over year which was the 3rd highest in the entire country per https://www.axios.com/local/cleveland/2023/02/14/cleveland-rent-prices.

Our rehab cost estimation comes from researching the area and talking with local investors that have similar properties. 

I say start there, exhaust your local efforts before jumping toward "shiny things" and unknown markets, persons etc.. 

You can get all the networking you desire locally (REIA's) and at your local Church (Men's groups).Quite a business model though...if they have 1000+ members paying $700/mo...well, you do the math!

My attorney said he needed to hire us as investigators in locating people.

I have a lot of personal experience with BRRRR—both from building my own rental portfolio here in Memphis, TN and from helping both local and out-of-state investors successfully scale their portfolios using this strategy.One of the biggest advantages I’ve been able to offer my clients is structuring deals with hard money lenders in a way that allows them to acquire properties with less than $10,000 out of pocket in most cases which results them in massive cash on cash returns!

If you're worried about finding tenants, focus on a location with strong rental demand, list rooms on platforms like Facebook Marketplace or Furnished Finder, and consider mid-term or short-term rentals if long-term tenants are hard to find.Good luck!

Hey @Ingrid Hussey, we’d also recommend QuickBooks—specifically QuickBooks Online—so you’re not limited by Mac or PC and can access it from anywhere (not just your local system).

Location of property How did you find this deal and how did you negotiate it?