Proof of what the seller cares about exists in every transaction where the seller provides a concession to assist their buyers with their closing costs.Example 1, the Old way:Buyer offers $100k, seller pays 6%, seller nets $94k.

Banks understand economic cycles.

Be prepared to provide alternative proof of income if you don’t yet have the required tax returns.

Even the best PMC can't make that happen.Yet, many owners cycle through multiple PMCs and blame them for their bad purchase.

I've already done one cycle (BRRRR) myself without partners and I am on track to buy bigger units, so it can be done.

(Note: my company is selling more than buying in this part of the cycle, so I am not that interested in what wholesalers claim to have.

Off of the purchase contract, I would verify proof of funds, ask for prequalification letter from a lender if buyer is receiving a loan, with a good faith deposit.

They've since changed the proof from 86 to 90, so it is a little stronger than I like, but still really tasty. 

I’ve interviewed a couple of Realtors in Oklahoma City, but I’ve been finding that the general consensus there is that the market is not in a cash flow cycle.

We are at the top of the current rate cycle, so this is a healthy time to analyze if it makes sense for you.