We have a separate LLC set up for each of them and a separate business checking account to collect rents, security deposits and pay SOME expenses. 

Hello @Jason Rogers, I’m also new to the real estate market here in Tulsa and as I learned you just have to let the deals come to you one by one.

To build more upon my original post, i didnt go into details as it was ny introduction and not sure how far I could go asking my questions.I have taken note and as i requested I have questions to ask for people familiar with my area.

Said it was a pain with all the connections and a company rep was there to guide them as it was their first complex application, but all went great.

After the auction is finished, I go into their office to sign paperwork and a week or two later, I have my hard money loan on the property.

Now I have a base . ( and a future rental ) Then I would build my credit while looking for a nother house for me to move in , then rent the first . 

If I will be investing thousands of dollars I really think the cost of airfare and a brief stay can't be compared.

The owner before me had collected first and last month's rent, AND a performance bond that would be refunded after proper performance of the lease. 

A good accountant and a good broker are worth the money in the long run!

A lot of lessons learned and A LOT that needed to be done from top to bottom.