I can second that Tulsa & Oklahoma City are great buy and hold locations right now.

@Mark De sagunThe banks only hold back payment if the contractor doesn’t do the work on the SOR that is developed by you and your 203k consultant.

Investment Info:Single-family residence buy & hold investment.

Investment Info:Small multi-family (2-4 units) buy & hold investment.

You need to visit the market multiple times, shake hands, and drive/bicycle/walk the streets.

I will say your traditional long term rentals will be hard to pencil in this market, but a buy and hold play is still a tremendous opportunity with the housing shortage.

My realtor told me a similar story of water damage from a second hand washer.

Let's keep the conversation going and work together to adapt to this evolving landscape.Curious to hear your thoughts on what the future holds for real estate with these changes on the horizon.

However, recently a good friend of mine from church (who happens to have an extensive experience in RE) offered me to partner up to help me start and without me having to put any money, just asked me to contribute to him by finding a low cost deal, help with the process and he promised me to split profits equally if either selling or holding.

I believe a PM and STR have different management fees as the job is more hands on and involved.