And folks from the mid west would say 3 to 4k  and some would say 5k with most folks thinking these days 10k is enough.. and then just as you say work the math backwards at 300 a month which is pretty tough to make if your max leverage and you have your answer of how many houses you have to own and manage.

On its own, opening up an LLC or partnership does not in itself prove that you are treating your rental activities as an active trade or business.

It didn't prove easy, given that we were out of state and weren't there to take appointments.

You may have a case if you can prove the builder neglected a structural standard, especially since other units received retaining walls.

That's a tough gig too, but failure rate is only going to be like 88% vs the 99.9% failure rate of your current plan.Or...Save some coin and do a house hack.

If you can show / prove to him that the park will be worth more because you are rebuilding the bathhouse, paving the roads and adding a playground then maybe he will feel more comfortable? 

@Tom DeanIf you're set on the BRRRR strategy in the OKC area, properties under $100k are tough to find on the MLS, especially 1970 builds.

municipal tax's are a tough one. interest  and bank fees and insurance are all private for profit those can be addressed.

it's not necessarily a red flag - it's because there is so much demand right now that they can pick who they work with.so... it's just tough =) Yeah, this goes both ways.

AI can be tricky to prove sometimes.I use cut/paste for questions that are asked every day.