I would study AvantStay and some of their properties in your area or NC generally.

One last follow-up question.On one of the IRS forms, I found the language pasted below.

I assume there’s additional language in the PPM, or at least I’d hope, but the language can get very confusing by that point and many LPs don’t understand what they’re reading.

If you did a cost segregation study on the property in the past, you may have to recapture the depreciation taken in the past.capital gain tax rates are 0, 15 or 20%There is also a potential 3.8% Net Investment Income Tax.Also, don't forget state income taxes depending on what state the property is located or your state of residency.Best of luck!

I noticed that the appraisal fee is higher than a typical 1 to 4 unit residential property, and they quoted and Environmental Study fee, which I have never heard of on a 1 to 4 unit residential property.

You do need a subscription to study the comps FYI. 

As I studied earlier, the first thing you should do is marketing, then get a call and do a property analysis to understand if it's profitable for you, then meet with the seller and sign all the necessary papers, then if there is a debt in the bank we do a reinstatement quote, then do a title search to check if there are any hidden debts, if everything is fine we look for an investor or flipper and sign an assignment of contract with him and wait for closing to get our money.

With SFR, they appreciated at a national average of 3.8% from the last study that I read in 2024.

@Hira Y. are you sure the PMA expired and doesn't have any continuation language in it?

Study the market.