Hi @Alex Lee I would avoid 203K loan and work with conventional renovation loan based on knowing you'll be forced to use 203k certified contractors which will cost more money and offer inflated pricing because they must follow 203k guidelines. 

This phenomenon could lead to a more stagnant real estate market, as homeowners opt to stay in their current homes to avoid the full force of higher assessments [4].Shift in Tax BurdenOne of the significant concerns surrounding Amendment 1 is the potential shift in the tax burden from residential to commercial property owners and operators.

The unfortunate aspect we see all too often is when people miss their opportunity to refinance because rates spiked back up and they're forced to keep paying the higher rate.The way a lot of people right now are balancing this is doing a longer-term rate lock on a refinance - say 45 or 60 days. 

Never depend on one contractor and never accept a contractor directly forced on you by a consultant or lender5.

I currently have a client looking to purchase their first investment properties here this year as well as in other Midwest markets that are also showing some of these same factors coming to light.Another thing to consider is that OKC is home to nearly 20,000 military / government workers with Tinker Air Force Base and the Army and Air National Guard posts there. 

However, it’s important to ensure the seller is comfortable with the terms and that the property cash flow can support the agreed-upon monthly payments.Seller financing can be a good strategy to grow your portfolio with less initial capital, especially if you're able to increase the property's value through improvements (forcing appreciation).

At which point you can force a new person to be added to the lease, etc.

Long story short we need get out of our comfort zone and aim higher (forced appreciation play/ nicer neighborhood, no cash-flow) or buy cheaper more distressed properties (cash).

At least I got good appreciation from those properties.These days, many state governments are trying to force more landlords to accept Section 8. one of my clients in the deep south was mentioning in her section 8 portfolios she manages for investors.

Since generally the benefit of a house hack is to hold the primary residence loan as long as possible, if you hold it long-term, you could still be forced to pay the mortgage insurance 10+ years down the line.Plus, you can only have one FHA loan (with some exceptions) at a time, so I'd rather use this house hack for 5% down which I can repeat and save FHA for another time.