We're talking with someone who may be coming into our company's leadership that will require health coverage.

After closing find a buyer for the unwanted property and conduct a partial release with my lender.I assume option 1 would require me to pay capital gains on the sale and I wouldn't have the ability to 1031 since I will not have owned the property longer than a year.

Within the city limits, I believe STR are prohibited, so start with understanding the regulatory environment. 

You'll have higher out of pocket costs for inspections and appraisal on 5+ units, LTV typically doesn't go as high, many lenders require a 70%+ occupancy rate.

My understanding is Oklahoma law requires a 15 day notice to quit for damage and a five day notice to quit for failure to pay rent.

As John said above me, it is more of an active investment and requires more of your time unless you want to hire a property manager.

Thanks all,I will for sure rely on the law enforcement work, just am worried that I will need to be there per requirement, as I need to move all that stuff out.

Also, banks are lending with lower leverage which means investors are required to bring more cash to the table to close.

Is mediation required?

@Matthew BanksLeadership and systems are required for scaling.