The area does not have many units with parking spaces or garages, so, I am not overly worried about this (will probably reduce rents by $100-200).

I have over a decade of experience in strategy consulting and in real estate underwriting for new acquisitions and ground up developments.

(make sure you are budgeting for maintenance and management if you plan to use it) Rent will increase over time and your property will continue to appreciate in value. 

That growth is unevenChase JordanFri, January 24, 2025  The ever-growing Charlotte region is home to 3 million people, but the population is projected to swell by more than 50% over the next 25 years, according to local researchers.By 2050, some 4.6 million people will be living in Mecklenburg County and surrounding areas, the Charlotte Regional Business Alliance said in a report released Thursday.

We have well over 100 Five Star Google reviews.

I've been on the western slope for over 30 yrs.I built my primary, its; Slab on grade, stucco, concrete roof, painted with E-84n roof soffits and tailings fire caulk (anti-ember) vulcan fire vents, 4 car wide concrete driveway, extra large house numbers, red 3/4" hoses on reals @every corner, completely denuded of vegetation 100ft.

My father has over 15+ years in the General Contract work field.

If you just want consistent distributions over the long-haul, you may want a more stable deal with a longer horizon, even though that may mean giving up the 20% return possibility.

If you're in the Austin area, more than happy to sit and learn over coffee.

The other thing I have learned over time is that the clearer your vision is, the easier it is to get there, so CLEARLY defining the location, type of property, purchase price, renovation amount, etc. etc., will really make a big difference.