I personally hate this because incentives are not aligned.If things go wrong with the property it's the PM's fault.

@Eric Johnson - If your rate is good, you could consider doing a "subject to" deal where the person buying gives you a cash infusion for the right to own one of those properties. 

Hoping others will either chime in with- it's pretty standard/no effect on higher premium or provide better insight.

As far as you saying you don't know if it's in an HOA, it likely is, given how you described it and that shouldn't be hard for you to figure out just by looking at a Google Earth map (sometimes the name of the community will appear), or pay a local person off Craigslist to go drive it and find out the community name, take pictures of the lot, etc. 

Have you ever noticed that people can send you a picture of themselves and then when you see them in person you think they look a way different?

The standard for raising rent varies depending on local laws, regulations, and rental agreements.

While I do not invest personally in OKC I work with a lot of folks who do.

It seems like if I could put together 3-4 people who are interested in the same deal, and get them to pool their capital together on a flip, you would lower the per-person risk, you would allow more investors to enter the market. 

I recently received a letter stating that due to our property not performing up to standards, they will automatically be reducing our collections % down from 58% to 50%.

@Munjal Adhvaryuare you able to travel in person to your target market to build a team and look at properties?