I have a 6 family deal on the table.Asking price 420k I think I could get it for 400kReal estate tax reportedly is $4000Water sewer $200 reportedlyInsurance $2700 per yrGas $600 per yrElectric $750 per yrGarbage pick up $750 per yr.Plus lawn and snow careCurrent rental income $3945After purchase projection $4200 (on low end)Cash flow on purchase would be around $1200 a month...Great neighborhood A+ and the property is in great condition...Looking for help in terms of is this a good deal... and if so what would be the best way to structure it?

It is an 18 unit building in a very fast growing neighborhood and just by doing simple due diligence(50% rule, cap rate ratio) it should be pretty profitable.

(Increase rent at OKC house, save like a mad man, and seek seller financing or low money down properties)The benefit of the property is that it is an A- house/neighborhood surrounded by a rougher area that is experiencing gentrification.

As well as any helpful tips as far as getting started in this area (best neighborhoods, etc.).

I also grew up here (I'm a 46er) so I know the finer details of the neighborhoods.

I was shown a few places, compared them to the neighborhood and saw I was getting good cash flow, but there was no equity build up I was actually paying more then it was worth and would maybe sell in the future.I decided to flip it back and just learn the basics by practacing the BRRRR in my home state instead, here I can still find 25-35k houses with new kitchen/bathroom cosmetic work for 15-20k, total price in 50-55 that would rent for 695/750.

Presumably, gentrifying the neighborhood would lead to higher rents and property values?

-Within those cities, what are your top 5 neighborhoods you prefer to buy in and why do you prefer those neighborhoods?

-Within those cities, what are your top 5 neighborhoods you prefer to buy in and why do you prefer those neighborhoods?

-Within those cities, what are your top 5 neighborhoods you prefer to buy in and why do you prefer those neighborhoods?