The BP podcasts are a gold mine of information.My company is not based in LA, but we are both buyers and private lenders on lower $ ARV SFR properties throughout the U.S. 

BP podcasts are a gold mine of information.We have a base of operation in Wheaton IL and CA. 

Two thumbs up.Although my company is based in CA and IL, we are both buyers and private lenders on lower $ ARV SFR properties throughout the U.S. 

My company is based in CA and IL, but we are both buyers and private lenders on lower $ ARV SFR properties throughout the U.S.Cannot assist you with a mentor in Oklahoma City, but there are many BP posters and forums to tap for more insights.Connect with me anytime.Wishing you continued success.

There are multiple universities nearby if the college crowd is your customer base.  

Here are my thoughts based on some avg #s$1980/2 = $495/mo x 4 units1 bed/1 bath units typically rent around $400/mo so my initial thoughts are how did they get almost $500/mo for these.Lets say you get $450/mo x 4 = $1800/moProperty Management - $180Taxes - $200Insurance - $100Water/trash - $200Vacancy - $180Repairs - $180Cap Ex - $100Total expenses -  $1140/moThat leaves you with about $660/mo before any mortgage etc....

I'd really appreciate experienced investors to take a look at my work and let me know if my assumptions are sound or if I'm completely off base.

Another bank may also reduce the LTV based on how many loans you have outstanding.Example too; Joplin, Mo. had a tornado that took out all but one investor's properties, it took months and into the next year for insurance to pay off.

I do this on a regular bases.

Giving my financials a quick overview, he stated that he was not sure I could get pre-approved based on my income alone that I would have to include the rental income on both properties.