Charlotte NC Vacancy tips

[Walther Mendez]

Hey everyone,

I am running an analysis on my current primary residence. It's a townhome I plan on turning into a rental in a few years. I used a 5% Vacancy which after the other monthly expenses would cash flow about $100 a month. My question to local investors is what Vacancy percentage should I use for the Charlotte NC (Steele Creek) area. Is 5% too low? how many months worth of mortgage payments should I save up in case I can't find a tenant. I also do plan on having it professionally managed. thanks in advance!