I just have to be a contrarian here @Caleb Heimsoth  as Caleb states I cannot think of anything risker than remote rehab for beginners.. keep in mind the author is a very experienced real estate professional and what works for him simply is not germane for beginners I know they want to sell books on this site.. but I fear there is going to be some really sad people that try to do this and simply don't know what they don't know.. all to just save 5 to 10k  extra that a flipper that does all the work and takes all the risk makes bringing you a finished product.. you can lose 10 to 20k in a heart beat doing this if not more.. 

A seller does not have your best interests at heart, just their own.

Keep in mind LaQuata that in your heart you know that you may have a good deal.... and that may very well be the case and you give your all into trying to show others your point of view....but some if not most will not see it.

I love your answer so much, it actually warmed up my heart, Thank You! 

Follow your lease, not your heart ;) 

What would you do if you found a C- or more likely D very small triplex or duplex in pretty much in the heart of Charlotte?

If you do have your heart set on townhome/condo...you can get 2-3 solid options with 50k OR completely buy 1 outright with the 50k.

Thank you all for the advice and I will take it to heart. 

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