Just as bad as the posts you see from time to time of the grandchild wanting to work out creative financing to buy their grandparents house below fair market value.  

Many of these lenders allowing 2nds behind them are more expensive capital (10's - 13's in our current market [high rates - but now showing signs of coming down]).

I am not in North Carolina, but I am in 11 other markets and would be happy to chat to answer any questions.

It's a free market. - You will finally get a tenant. 

What market are you in? 

Lots of old houses valuing over 500k and up to 1M (local house price in my market is 167k).

All channels can work, but in my experience, the greatest oppportunities often pop up when you know exactly what your returns need to look like and keep your ear to the ground in your market.

This deal was brought us off-market by a friend.

You’ve developed a moderately fast wealth accumulation strategy that’s relatively low risk, enabling you to ride out down cycles, negative cash flows, unexpected necessary expenditures, etc.  

You're in a great market in Columbus Ohio!