I had fewer applicants, but still enough to have multiple folks wanting to apply.  

FDirst step, find a good local mortgage broker and they can explain FHA, and get an application from you for a preapproval so you Know what you can qualify for.

If it was easy we would all be rich from real estate.They will want you to call all of your credit cards to increase the available limits so you can pay for the "training".They have a software that is free for the first 6 months.  

Mike:CAP rate is really not applicable to residential properties (1-4 units) as they are not valued based upon fiscal performance.

Why not Josh and Brandon write a software which would do the same for the bigger pockets community ?

@Troy S.This was new construction but the form I was referring to is applicable to renovations as well.Andresa LobraceRegarding who is responsible...I expect it comes down to the business relationship between you (the developer) and the builder you hired.

While we're on the topic, another great piece of software is TValue. 

I use that to collect the application fee so the tenant is already set up there when they need to start paying rent.

Does anyone have an application sample and a contract sample that I can use for Oklahoma? 

We share a similar path as my formal education/work history is in physics and software development and I too would like to eventually move away from that and run my own REI business full-time.