Question for Charlotte, NC Investors

[Andrew P.]

Hey guys, 

I have family in Charlotte, and I was thinking of buying a property for a family member to live in.  My goal is to buy something at/or close to retail, put down enough to generate a little cash flow (not much), then she'll either 

a) move in a year or two and buy her own house, then i'll move new renters in my property and bump up the rent $200-$300 more.

b) she'll stay in the property, and i'll have a rock solid tenant.

I have properties where I live currently a couple states away, but this is more to help out a family member while they build savings/credit.  Also long term, i'll have an investment property in another area/state and family will be there to help manage the property if needed.  

Again, cash flow isn't that much of a concern as I have cash flowing properties here in Georgia.  As long as I have a little reserves after the mortgage/taxes/insurance is paid that i'll hole away for cap ex.  

So my question is, what is your experience in FORT MILL, SOUTH CAROLINA?  I drove through that town, and it's a really neat place.  As Charlotte grows (at a fast pace!), have you noticed people moving out to Fort Mill (5-10min away)?  Can anyone give me insight on properties in Fort Mill?  I've researched a little on Zillow and I see nice homes for $150-160k, but I don't know the area at all.  I'll put that on my family member to do the research.  I also don't have a clue on rental comps. 

If anyone has recs in the Charlotte area, i'd be game for that too.