Using the funds that we had saved up to purchase a new car, I convinced my wife (she’s a saint) to reallocate the money in order to purchase an investment property with the expectation that we would be able to refinance the money back out in 12-18 months to then purchase a needed newer vehicle.

I would second @Cary P.'

@Ashley ZhangA seller credit is essentially like cash back when buying a car. I

Cary

The idea has been to liquidate property (as in this case) or leverage property (still own 1 rental in Cary NC $100K equity) and move those into local units, within our reach, to turnkey manage.We are hoping to buy where appreciation will meaningfully factor into the long term play, but not so much that we can’t turn the $200K from the recent sale into 4 units min.  

The article erroneously lists the Raleigh MSA (formerly the Raleigh-Cary MSA) population next to the city. you can find the fact-based numbers from Municipal Population Change in North Carolina.

For a car, I know I was never a fan of a car payment myself but its possible to pay that one down as well with discipline. 

I have been trying so hard to find a multi-family close to the hospital i work at to use, but in the year i have been looking every one that ive come across within 20 minutes or less drive are just not a place i would like to call home myself, because 1) they dont have any garages, the units with garages are far and few between it seems in my area and i have a classic muscle car i would prefer to keep in a garage.., and 2) the numbers on the ones that are in decent areas, just make 0 sense to buy, i have tried to offer lower offers on these properties that are in decent areas with no luck or they counter for like $1,000 below the asking price and they always seems to sell for asking price, which when i run the numbers... even putting down 25% down you are barely making $75-100/per door. 

So you will likely not see alot of appreciation in the value in the near term from the post construction valuation.that amazes me that new construction would go down in value like a car.  I

I use Cary Plumbing they are very good price-wise (only charge me $35 to un-jam a disposal) and I pay easily over the phone w/ a credit card since I spend lots of time out of state.