Definitely worth involving a local real estate attorney or title company before bidding to check for any liens, back taxes, or other issues that could stick with the property—unlike a traditional sale, those risks are on the buyer.

Hi everyone,I’m closing on a single-family rental in Moore, Oklahoma, and comparing two types of property management:1️⃣ Local PM (Hallmark Property Management)10+ years in business, 4.6★ from ~70 reviews~430 doors managed; solid local presenceOwner is a local investor/builderKeeps full deposit & 100% of late feesRent estimate: $1,930/mo (Zillow shows ~$2,000)My projected cash flow: –$25/monthThey mentioned a winter slowdown as reason for conservative rent pricing2️⃣ “New-Age” Digital PM Models (like Nomad)Offer Guaranteed Rent and home protection (~$500K)4–6% management fee, lower than traditional PMsNo first-month leasing feeFully online platform for rent collection, screening, etc.I live in California, so I’d handle showings/inspections with digital locks or local helpThese newer PMs would save me roughly 6% compared to Hallmark, but I don’t have much PM experience yet.Questions for the group:Has anyone here used tech-based PMs like Nomad, Doorstead, or Belong in OKC/Moore/Norman?

Yes, the pharmaceutical companies control medicine.

DSCR loans are good products for someone who has a high DTI, doesn't have a traditional job or who would like to do less paperwork. 

Then in 6 months I would refinance into a traditional mortgage.

Traditionally you'd have to join two separate licensed brokers in each state and have separate caps to pay for each.It isn't always right for new agents - but more new agents are trying it. 

I’ve decided that doing a 1031 into a more traditional property is the best move, here.

Plus most of the KC metro has banned new short-term rentals (some were grandfathered in), while places like Columbia, MO, have banned them altogether.If you’re focused on traditional long-term rentals with 12-month leases and plan to manage from out of state, I strongly recommend sticking to A and B class markets.

Buying from a wholesaler can get you a good deal, but you’ll want to make sure your lender is comfortable with that kind of purchase since some lenders prefer traditional listings.

Are you moving toward private money, partnerships, or traditional lending again?