It’s a different approach but it still allows you to buy a SFH while getting rental income.

I have been in a pickle over the last few months on how I want to approach my next rental project.

I'm just trying to determine if a) we want to purchase this property at all - and - b) if we want to approach this specific tenant directly versus listing it for rent publicly.

#3 You’re Looking for a Long-Term InvestmentMaybe you’ve done your research and know not to look for some get-rich-quick scheme, but rather, are interested in a steady long-term approach to wealth.

My wife and I (From California) are approaching a real estate agent in Oklahoma now to purchase property.

This approach helps my sellers by giving their property sufficient exposure to the market and generally results in multiple offer situations, but it also gives buyers, who are by and large, from out of state, an opportunity to come and see the property in person or at least have their buyer's agent do virtual FaceTime or Zoom showings for them.

@DeAnthony Edwards also take a look at the lease if there 30 days notice required for non-renewal you are quick to approach that timeline.

Maybe not the best approach, but would like everyone's feedback. 

I would like some advice on how to get a start and what a good approach is with barely any money.

What is the right approach?