It's a bit of an art to pick out all of the items that are applicable and to make sure that you both get them all and also don't include something you aren't supposed to.For example, a monthly HOA fee would not be included in basis, but a paperwork transfer fee from the HOA would.You can also include title insurance, but not the liability insurance.  

Do you have issues finding applicants when you require the criminal records check? 

They are going to push you to every limit to find your weaknesses. 

When someone asks, I say the house has not yet been approved for Section 8, but I'm willing to investigate for qualified applicants. 

Small multi in the 2-4 range has a very limited inventory in the Tulsa market.

There are many ways to build wealth via Real Estate (RE) investing even when limited to buy n hold. 

One applicant is a tattoo artist so basically self-employed.

As a landlord you have very limited rights once a tennat is in place.

It is important to put the limiting selectors into your list so you are only mailing to people who own property you might want to buy.Whether or not this first deal works out, you will at least learn a lot.

I understand we have to live in it as a primary residence for at least one year but are there limitations with actually living in the home?