@Jay Hinrichs spot on.  3.3 range 

Any local hangout spots within a block or two- bars, convenience store selling beer, soup kitchen or homeless shelter?  

I’ll be the first to say it and deliver the political uncorrectness: Age matters.Your ability to leverage TIME (when you do not have money) is lost if you start late.The 25-35 age zone is the money spot for acquisition and where future wealth can actually be secured.

@David WaddletonIn the past six months I have sold residential properties in Oklahoma City to investors at prices from $48,000 to $82,000, which is the sweet spot where I specialize as an Oklahoma Real Estate Broker.

if you can get your hands on a sizeable(2000sf on average) corner spot/lot around there a.s.a.p. that would be great on the profit side to flip when they come looking for locations to build those clinics.

We moved 4 1890 Queen Anne Victorians to the spot for a retail and office location and had a buyer as we were moving the 3rd one.

Jon's reply is full of wisdom and great advice.His points are spot on about your experience, realistic LTVs that are out there, and associated costs.The number one issue will be the low occupancy, the second will be your lack of experience, and the third may be the cash to close this deal.You could be looking at hundreds of thousands to close this deal.

Im in a hard spot since the market is hard to rent the place if they leave.They also want me to pay for a fire extinguisher.

There are example application that can be found online or I could even e-mail mine to you.The second method that is very helpful is to ask the potential tenant on the spot (after filling out the application) to see their current residence.

Thanks Charles they do keep them up i lived in three of them when i was teen ager and few of my family members have also rented there they have been selling some of the older ons and having newer ones placed in there respective spots and there is a whole lot of room for expansion