Historically, Charlotte has never experienced more than two months of this level of inventory in any given year.Days on Market Has DoubledCompared to last summer, the average Days on Market for rental properties has doubled, making it clear that tenant demand isn’t keeping up with supply.Why Is This Happening?

Keep their deposit and get the place cleaned up and rented out asap.

Keep em coming !

I want this to be acceptable long term if I keep this method of financing. 

My plan would be to keep the front waiting room as a small commercial space and the back offices as efficiency units or studios. 

It’s on the rise but you just have to be selective regarding location and try to go for turnkey or keep it minimal regarding rehab  So you don’t have a nightmare story trying to manage a rehab from Out of Town. 

I keep reading about all the weird financing issues in this space so I wouldn't actually put money in until mid 2025 or later.  

Then mortgages get collateralized and sold to Fannie or Freddie so they can keep lending and make money from the original fees.

It keeps me accountable and helps me to refine and define my plans while gaining different perspectives.

I’ll keep you all posted