It is more work upfront, and has a steeper learning curve, but can pay off once you have a well-oiled machine working for you in the market.My personal opinion and how I tell my clients is house hack here in colorado each and every year, getting a low down payment loan.

People are leaving Alberta and moving to BC because of job losses from the oil price decline. 

Austin is a bit out of reach and Houston needs more time to settle w/the oil challenges.  

These people will shave their head on the 31st and say they have cancer when you show up the next day !

This Brian Kuzdas character is a complete snake oil man in my opinion.

The OKC job market is supported partially by the oil industry, which will still be relevant for the next 10-20 years. 

So I proactively replaced them at the beginning of summer so my tenants could enjoy new units.Roof = 25-30 yearsHVAC = 4000, 20-30 yearsFlooring = 1500-2000, 10 yearsPlumbing = 4000, 20-30 yearsFixtures = 1000, 10 years (I'm assuming this means all faucets and light fixtures)Water heater = 600, 10-15 yearsAppliances = 400, 5 years (although I'm not a big fan of supplying stove/fridge)Components = 1000, 15-20 yearsStructure = 10000, 30-50 yearsKitchen = 3000, 20-30 yearsWindows = 3500, 30 yearsPaint = 1000, 5-7 yearsLandscaping, 100 per yearOverall, the net is that as long as you are on top of maintenance items, make repairs and proactively replace things (and keep adequate reserves to do so), your $30k house will continue to generate cash flow like a little oil well. 

Not leaving yet, but see the danger Of Proposition 13 on commercial property being killed and vast number of jobs lost, or the radical Newsom winning the election and getting away with doubling income taxes (Venezula was a wealthy place with oil a few short years ago, now they have problems getting food and toilet paper, so don't think an economic collapse can not happen)   Why?

Knight:I know people out there are calling for a big time recession, but here in OKC even with oil down, I'm just not seeing it.

Banks were renting spaces to get business back in the 20s, hence commercial, and they rented to clothing, shaving, and shine boutiques and whoever else wanted to pay for a space.Some banks will treat anything over a single-family home as a type of commercial property as you are technically renting space as commercially defined.