. $500 k would sit for too long in my area and I would not do more than $350k here, but that is just me.Good luck 

I seem to recall that in Germany most apartments are owned by the government and the federal government sets the rent. 

Building is 2800sqft that sits on a 8200spft lotUnit A 2beds/1bath      Median Rent: $2,045 (Rentometer)Unit B 2beds/1bath      Median Rent: $2,045 (Rentometer)Unit C 1beds/1bath      Median Rent: $1,600 (Rentometer)Expenses:Insurance - $210Water - $400 EstimateGarbage - $100 EstimateCap X - $341.40 (6%)Vacancy - $341.40 (6%)Property Mgm - $569 (10%)Land care - $100Taxes - $874.00What else should i look for in expenses or income?

Two weeks later as we sit down at his kitchen table to sign the REPC he drops the bomb.

I'm a person who hates having cash sit in a bank account collecting little to no interest, but I'm definitely going to make a point to keep some cash liquid.You make a point in here that has always been my biggest question with things like the BRRRR strategy.

The building sits on two corner lots (about a quarter of an acre) with plenty parking spaces, access and redevelopment potential. 

The building sits on two corner lots (about a quarter of an acre) with plenty parking spaces, access and redevelopment potential.

The building sits on two corner lots (about a quarter of an acre) with plenty parking spaces, access and redevelopment potential.

I know I would like wifi, a nice area to sit outsite, cook outside, maybe tourist information in the rooms, Just a few thoughts!!

My options are...as I see them:---Buy one property/year and hope for massive appreciation (not likely in OKC) leaving me with 7 properties in 5 years...that may or may not meet my goal---sit tight for 1 year and start a BRRR funnel while saving and drinking from the information firehose.