I’m learning everything and anything I can by all available means, but would love to find someone in the same market who would possibly be willing to share their wisdom and potentially walk me through an actual transaction (simply as a spectator on my end, or in any capacity you’d allow me to be involved in).

Gain valuable insights into the intricate aspects of property management and develop the skills necessary to navigate the dynamic landscape of real estate management.Refinancing Strategies:Working with Lenders: Learn how to effectively approach lenders for refinancing, including understanding the documentation required and how to present your case in a compelling and persuasive manner.

Right now, you are investing and aren't paying additional tax--think about that.Also, one little explained aspect is the carried over PAL is also useful to reduce your taxes when you goto sell. 

Coming from Colorado, you will find aspects of Asheville familiar to where you live now that you won't find anywhere else on the East Coast, but with all the advantages of living in the South. 

Psychology and sociology is paramount in this aspect. 3- The business of the business: This is things such as regulatory actions, licensures, the constant changing of such, how to navigate, contracts, documentations, process's and systems, etc etc.. 

The only value I see is the networking aspect.

I think developing the scope of work is one of the most difficult and most overlooked aspects of doing a rehab.

Here are some aspects to consider:Positive Aspects of Keeping and Renting:Low Interest RateEquity GrowthTax BenefitsMarket StabilityConsiderations for SellingLimited Cash FlowOpportunity CostMarket ConditionsNew Primary ResidenceDecision-Making Tips:Establish clear objectives for your long- and short-term finances.

Here are some stages and recommendations to help you through the process:Create an extensive business plan including all aspects of your idea.

This helps clarify the arrangement and provides evidence in case of any tax-related inquiries.Reach out to a professional CPA who can closely examine all aspects of this deal and can tailor advice accordingly.Thanks.Kislay Shah CPA