Terms vary from lender to lender, from friends, etc.

Most reputable turn key companies buy distressed properties further upstream (i.e. auctions, tax sales, etc) at much better prices than the average individual.

You could potentially be liable as an individual, without the protection of a corporation/LLC, and without the benefit of insurance coverage.  

I'm not local but grew up in Kansas and have some friends active in the area.

It's all depends if you purchase under individual name or company since those entity subject to tax in different ways.  

Does anyone in the okc area know of an investor friendly bank/cu that will do this.

You'll also find you're comfortable with some individuals and not others.

Should be able to make 40-60k+One of the guys that works for me bought one for 36,000 put about 10 into it, bunch of sweat equity himself and friends the first month before he moved is young family in.

.- Reduced transfer fees since the corp could be transferred in possession of all properties, instead of 5 individual transfers. 

My goal with REI is to ensure a comfortable lifestyle through a smart and diverse holdings and attain true financial independence; I also want to help other like-minded individuals and do the same!