We are in the process of organizing the operating agreement and possible sale of the building. 

I had posted to my stories that I was looking for a duplex in the urban core of OKC, and my friend let me know he had a listing coming up and the sellers wanted to offload it quickly.

. - good post, as you mention NYC is a bit complicated, if your interested in the Airbnb impact, Planet Money did a podcast fairly recently on the impact in New Orleans, while it mostly focused on the operators, they did have some data on the impact to property values as well:https://podcasts.apple.com/us/podcast/planet-money/id290783428?

It also is helpful to have a California LLC in case you ever sell that property and move into another state so that you do not need to form a new LLC altogether with new operating agreement, just re-register in the new state as a new foreign LLC.Obtaining a loan in an LLC can be difficult, but not impossible. 

Thank you for sharing @Dennis Juanir,ELP is definitely a great rental market, I am not to sure about the Flipping market as there is way too much competition.If you are doing one deal at a time without a pipeline of deals, your operation costs will increase.Finding a fix and flip deal on the average house price of ELP of $140 - 150K ARV means you have to get the deal for $91 to $105K and that is not counting any repairs you have to do. 

Property 1:Rent: 1625Mortgage: 560Repairs: 1000Owner Operating costs (utilities): 382Management: 114 (8%)Taxes: 100Capex: 112Vacancy: 70Insurance: 67Property 2:Rent: 1745Mortgage: 765Repairs: 3000Capex: 175Vacancy: 87Utilities: 60Ins.: 70Taxes: 105Management: 140 (8%)Thanks for the help @Taylor Chiu

What does your typical operating/maintenance expense look like once under this policy?

It is a part time gig for me, so I will be keeping the operation small at the moment. 

The situation is particularly bad in the city’s Northwest Core (Portland, Russell, Shawnee) and West Core (the remaining west Louisville neighborhoods), where more than half of all families earn 50 percent of the area median income (AMI), which is $71,500 for a family of four.According to the study, Louisville is more than 31,000 units (apartments, houses or other living quarters) short of being able to house all its low-income households.Part of this is due to the section 8 audit.

Does anyone have experience with Real Quest?  If so do you know what needs to be done to do a Mobile home data search or even a SFR data search?