They use a formula to figure out my monthly premium, based on the properties you own as of the first of the month.

Because your principle and interest payment is probably hovering around $2,800/month, not including property taxes and insurance, maintenance and any allowance for capex.But forgetting about cashflow, your return, even if had NO expenses or payments of any kind would be around 3.6% based on a valuation of $1.3m.  

BP podcasts are a gold mine of information.Although my company is based outside of LA, we are both buyers and private lenders on lower $ ARV SFR properties throughout the U.S. 

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.