The latest red flag is his belief he purchased a "fully renovated" property in Philadelphia for $115K.

@Grant Shipman, I will say, I have not explicitly seen anyone violate these rules (that I know of), but more commonly there are a lot of people who have comfort operating at the margins.I.e. compliance officers/attorneys that stop at the letter of the law may say: "investment manager X, you can advertise your company all you want.  

It’s not very common but I have seen this done before.

I was briefly with realize properties, ERA, and lastly went with Heart and Home.

This is how banks verify property owners maintain insurance.

@Blair Ross Jr depends on how much experience you have with investing in rental properties.

If the property is vacant, you will attract a larger pool of buyers as not everyone looking for a house wants to use it as a rental.

If the property is vacant, you will attract a larger pool of buyers as not everyone looking for a house wants to use it as a rental. 

I'm thinking about buying a property in NC.

And with much more in commonality with starting and running say a restaurant.