I love investing in the state of Oklahoma and have found success around military installations.

@Ray LiPrior to jumping into 506b, speak with security attorneys and determine all the fees associated with it to see if your deal still makes financial sense.As far as DIY, whenever investors are involved, always work with an attorney to prepare the legal docs (PPM and everything else needed).

THE REAL QUESTION:How do I prepare the existing hardwood floor so that laminate can be installed over it?

Vinyl is also an exceedingly easy product to install and fix.

@Jake PickettMany OOS investors set themselves up for failure because they don't truly take the time to understand:1) The Class of the NEIGHBORHOOD they are buying in - which is relative to the overall area.2) The Class of the PROPERTY they are buying - which is relative to the overall area.3) The Class of the TENANT POOL the Neighborhood & Property will attract - which is relative to the overall area.4) The Class of the CONTRACTORS that will work on their Property, given the Neighborhood location - which is relative to the overall area.5) The Class of the PROPERTY MANAGEMENT COMPANIES (PMC) that will manage their Property, given the Neighborhood location and the Tenants it will attract - which is relative to the overall area.6) That a Class X NEIGHBORHOOD will have mostly Class X PROPERTIES, which will only attract Class X TENANTS, CONTRACTORS AND PMCs and deliver Class X RESULTS.7) That OOS property Class rankings are often different than the Class ranking of the local market they live.8) Class A is relatively easy to manage, can even be DIY remote managed from another state.

You could even lay out some purlins and install real metal roofing.

The "resident" installed new doors that the owner paid for and sheet rock was also delivered.

I tend to agree on the DIY to a large extent (delegating only where it is more efficient) but no one has more at stake in the deal than you, so steering the ship can be a great way to add value and avoid agency costs....can't wait to hear more of your ideas .

Using terms such as buyer and seller in an option will take down the road of an installment agreement determination quickly, options don't have buyers and sellers, the grantor is the optionor and the grantee is the optionee. 

I install the GE dishwashers that run 300 at home depot.