However, achieving success in this space requires more than purchasing property—it takes strategy.

You are definitely going to want to get a lawyer and as soon as possible.This will sound harsh.In your story, you have made a number of very poor decisions about how you purchased and managed this property. 

Purchase price: $88,000 Cash invested: $25,000 Sale price: $179,900 I got this deal from an agent who was initially going to list it publicly but thought of me first.

I've personally found the bulk of my Chicago purchases off the MLS.

I would make sure a bundle of rights for ownership are available individually, per unit of course, then worry about warranty and purchase options.

I’m considering either buying a rental since it’s cheaper or purchasing a flip if the market is booming enough.

Purchase price: $255,000 Cash invested: $51,000 Second property, bought soon after the first multi-family.

Quote from @Scott Vaeth: I purchased a house in South Carolina this past year with the goal of BRRRRing it.

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. 

When I purchased it I simply based my offer on the numbers that made it work using the BP Calculator.