I realize it typically is a lot more expensive to build new than to buy an older house, but I was wondering if anyone had experience building in the OKC area and could give suggestions on A) how much it typically costs per square foot, and B) if you know of good construction companies that you would recommend reaching out to.

Typically a permit is not required for demo work.

As this will be an owner occupied loan, you need to follow some guidelines, start by finding an RMLO, registered mortgage loan officer, licensed.This of course is not a typically great, risk free deal for you.

Similar units in the area typically pull in $500 more per month on a short term basis vs. long termThe seller purchased the house 1 year ago for $210kI’m inclined to offer $265k and see if the owner counters.

Anyway, I digress...in the midwest, closing costs are typically not more than 3% of the purchase price.

My target is typically $500 per door.  

When an investor is looking at being cash flow positive, they are typically putting down 20-25%.

For peace of mind, you could do the mortgages, but you also lose that 3-4k for each refi while pulling out only 40-50k, at a time (I think you typically can only pull out 75%, might be less for lower priced properties).

That being said, no, this is by no means the typical experience and you should take everything that happened and use it as motivation to get educated.

I tried to get more information from them and they told me that they typically have evidence that the accounting is approved prior to closing.