Plan to make 5 units of mixed efficiency’s, 1’s and 2 beds

The deal is:5 - 2 bed 1 bath units renting at $500/ unit at full occupancy currently with month to month leases.

Depending on the deal and if you can get a duplex with a 3 bed, 2 bath in each unit you may be able to get between $1,200.00 to $1,500.00 per side for monthly rent.

I actually found a neighborhood within an hour of where I live where you can buy a turnkey property 3 bed 2 bath for 100k with the right agent.

If the finished product you end up with is very similar in square foot, bed/bath count, fit and finish, and you get an appraised value of at least $100k, you should be able to get $70k, I have a few banks that could lend to you if your personal credit is good too.  

I have a relative that inherited a 1 bed/1.5ba loft townhouse (currently vacant) and an additional property(current home) that I'm not interested in.

Purchase  price $450kProperty includes:1 - 1050 sq ft 2 bed 2 bath hunters cabin 5 - 10' x 14' ground blinds with electric, heating, bed, mini refrigerator,  and TVs Has 2 fresh water tanks ( a tank is a pond for my yankee friends) LOL both tanks are stocked with bass and catfish Sold all the cedar trees for $4 an acre 238x$4 = $952Sold 80 acres of mesquite trees for $2 an acre 80x$2 = $160Rent 4 hunting blinds @ $2500 per deer season.  4x$2500 = $10,000made a trade to my brother to finish clearing the 80 acres for use of 1 hunting blind.

., 2 bed 1 bath. 

I have seen a few with nice family spaces on the main level and 1-2 bed units for the other units.

Check out the amount of available 3 bed 2 bath rentals available in Edmond vs in central or SW OKC.