Our neighborhood is desirable due to somewhat of a location hack (we are 1 minute away from Swimming Pen Creek then on Fleming Island for you locals), so we expect to be able to sell in 2 years and cap a 200k payday tax free.

Perhaps later we will join Open Spaces when we don't require as much hands-on, in-person oversight.

It would seem very unlikely to be able to structure the purchase of a desirable property, at a market or below market price, with a true nothing down” transaction, and not have a heavily negative cash flow.  

Affordability: Oklahoma offers affordable real estate options, making it easier to acquire properties in the desired price range.2.Rental Demand: OKC has a steady demand for rental properties, particularly in the affordable housing segment, which can ensure a consistent income stream.3.Economic Growth: The state's economy, including sectors like energy, aerospace, and healthcare, contributes to a stable job market, attracting renters and supporting property values.4.Investor-Friendly Environment:Oklahoma's landlord-friendly laws and reasonable property taxes make it favorable for real estate investors.5.

She said it would require upgrading to the highest subscription level of QB, which is $200 each - we've got two QB subscriptions for two LLCS.

The lake's beautiful setting attracts tourists, making it a lucrative spot for STRs, especially during peak tourist seasons.STR operators in Oklahoma generally need to adhere to zoning laws, licensing requirements, and may be subject to taxes such as sales and lodging taxes.

Some people want cash-flow from day 1, some people want to invest long term, some medium term... all different strategies that would require a custom tailored approach. 

Recently, many of those seller carried mortgages are coming due and clients have reached out for either advice or recommendations for their refinance so I wanted to share a public synopsis of what's generally required by lenders and what to be prepared for.

Depending on the cash required, I'd probably look for a partner to fund the downpayment and renos, and do an equity split.

@Eli DonosoTo purchase your first investment property, set clear goals, choose the property type, and prepare for financial requirements.