Oklahoma isn't exactly the most attractive location in the US so I doubt i'll have nearly the competition you guys in Dallas or California have.  

If you get your money (5%) back quickly say less than 2,3 or 5 years and also make money on the deal from cashflow, then its worth it. 

It takes a few weeks longer than normal, if you really stay on top of it and get the paperwork done as quickly as possible.  

Tell them you will pay them cash for a quick close.

save your money... do not borrow at your age until you are fully capable of repaying and you have significant reserves... this is where I see a lot of investors get in trouble.. they don' understand that you need reserves when you own rentals.. the more you own the amount goes down.. but you could go broke quick being undercapitalized to start. 

Sydnie, the first place to start would be by signing up for a real estate class, either online or in person, to get qualify to take the TREC licensing test.I don't believe I'm allowed to post links, but go to the Texas Real Estate Commission (TREC) website, and it will guide you through the steps.Your age/appearance could deter some potential clients, but we all have some aspects that both deter and attract people.  

hello everyone,I've recently made two offers on short sales, (they both happened today)as they looked like good deals when i quickly ran the numbers, so i made offers on both as things are going crazy fast here in vegas and i thought it was best to submit an offer then have the option of turning down the deal if it wasn't a good one.after using the rental calculator one cash flows for 90 and the other for 60. and this is without me allowing for cap x on either, the reason for this is that ones a town home and the other is a condo, both with good hoa's, i did allow 5% for repairs which i think is a lot as the condo has just been totally refurbished and the TH was in good condition and I've allowed 1500 for touch ups, so it'll also be like new after I'm finished. my thinking was that this 5% would cover both repairs and cap x as there shouldn't be much in the way of either. is this a terrible idea for me to allow so little for both.i would be waking in with 25k of equity on the TH and thats without my 20% down payment. and with the condo id be getting around 13k.here are the rental calculator results for both-any help would be greatly appreciated!

They tend to be really pushy and used incorrect comps to make the quick sale. 

-Marcus :)Quick Edit: Real Estate agent will be contacting me in the morning so I would like to be armed with some questions to ask to get a better understanding of the property.

For example: if every other house on the market has hardwood floors and tile.... then it will be harder to attract the best tenants with worn out linoleum.That being said.... assuming you are in a market similar to mine as far as that goes....