If you and your family are looking to strike sooner rather than later, it might make sense to sell it and reinvest in a new project. 

Hearing later on in March. 

This is because the earlier years see a large jump in IRR due to the leverage used, however this effect diminishes in later years.2.  

Keep your costs small right now and after some time you can cash out refi and get your margins up a little monthly to give you some breathing room or put more money into it later down the road to make it "higher end" and stand out to flip for a profit. :) I'd have your pm company go out and tell you what's NEEDED for them to make it rent ready. 

You regretted getting into this 2 years later, you'll regret selling these properties shortly if they are in good areas of Durham.Fast solutions have slow problems.

When I acquired my own portfolio I did so largely by my own version of BRRR which involved paying cash for a property, fixing it up, renting it out and then a year later getting a Wells Fargo HELOC on them and using that money to buy another house.

I fear the rate and severity is increasing, but you never know if this is a new normal or freak event until Later.  

Let me put it this way.  1 year of coaching for me-  136 doors later...

I’ll do some searching in both areas and I’ll reach out with questions later.

If you're planning to live in it long-term and then rent it out later, it could become an investment property, but you won’t have that immediate cash flow benefit.