Then you can be in it for the long haul when the area becomes more developed and the market starts to mature.

Hey @Martina Su, do a search as there are several threads with tons of info.The bottom line is that there are restrictions all over the place so you should get a good realtor locally who knows the areas and market to guide you.

You cannot use "short term rental income" to qualify on the subject property BUT you can use 75% of the appraiser's rent valuation on the 1007 market rent schedule.

I have off market investment property inventory here in Florida.

Educate YourselfLearn the Basics: Understand real estate terminology, market cycles, financing options, and investment strategies.Read Books and Take Courses: Educate yourself through books, online courses, seminars, and workshops.

So then the house is 10% owned by The Person, and 90% owned by The LLC (income and expenses shared accordingly).Now this year say I want to take the same percentage (10%) - and say it's a flat market and the house is still appraised at $500,000.  

Investors and Homeowners in Tulsa, how do you feel about the market in Tulsa overall right now?

If you use a HELOC, I would think about a BRRRR-ish strategy (No perfect BRRRR exists right now unless you go full off-market door knocking/postcard campaign/etc) to where you can refinance and get some of that money back, so you don't have $25k chunks of money at a 9-10% interest rate floating out there indefinitely.

I think it's a great market to enter with so many catalysts for growth! 

Last year, they ceased syndication with Zillow for marketing and it's killing me.