I have been hesitant to pull the trigger on anything, but we finally are in the processing of purchasing a cheap duplex we’re gonna see how it works out for short-term rentals.

It doesn't make sense for someone to purchase when they can rent for so much cheaper.What happens in the future?

In today’s market you need a GREAT spread between your purchase and ARV values and that isn’t the easiest thing to find in a high market. 

**Bridge Loan**: This short-term loan can cover the purchase until you secure long-term financing.4.

I am interested in getting a better understanding of the Oklahoma wholesaling market, specifically the different neighborhoods/area, neighborhood pros/highlights/potential and cons, average/range of price point.

Wholesaling is when you assign a contract and never take ownership, or if you double close the end buyers funds are still what purchase the property for that brief moment when you close on it and then they close on it. 

If you want to network or ask specific questions about your local market, go to your local real estate forum and connect with investors from your area: https://www.biggerpockets.com/forums/86-local-real-estate-networking5.

I plan on installing some form of termite protection after purchasing anyway, but is there anyway to make sure I'm not buying a house with a full blown infestation that could become a bigger issue?

Would a better option be to use the HELOC to purchase the short term rental in full with no mortgage?

And I spose you don't have limit your purchase to one seller.