You didn't indicate how old the home was.

Hello All,I'm interested in some valuable feedback on the multi-family real estate market in Greensboro, NC.My research has been formulated from various sources; however, I would like to hear from a few BP members that are in the trenches and/or currently invested in this market.Key indicators like job and wage growth seem to be holding steady for the last several years and property values seem to be increasing steadily.Can someone give me their view on the current cap rates & vacancy rates in their comp set?

Hello All,I'm interested in feedback on the multi-family & SFR real estate market in Greensboro, NC.I would like to hear from BP members that are in the trenches and/or currently invested in this market.Key indicators like job and wage growth seem to be holding steady for the last several years and property values seem to be increasing steadily.Can someone give me their view on the current cap rates & vacancy rates for multi-family properties.I would also like to connect with residential & commercial real estate agents for any current/future opportunities.Thank you in advance

honestly, your questions indicate you are NOT ready yet. you gotta read more. there are some really basic things you are not getting. also, it sounds like you don't have much money.flipping is...hard. even when property values aren't so massively appreciated like they are now. so much has to go right. you need to know your market very intimately, know your costs to a tee, and have plenty of time to coordinate trades.when people like yourself show interest in flipping in this area, it makes me worried that we are in a bubble....only difference from last time is that you very likely can't GET financing now.

Your worries about finding deals with enough equity spread may be an indicator that you need to continue to educate yourself.

I recommend contacting the various providers and going over their service and fees as pricing is not always an indicator of service. 

He also indicated that he had also purchased a business last year and the credit report shows what appears to be related debt.  

However, preliminary numbers from the contractor indicate that the renovation costs alone might be at least $500k.

The market is at an all time high and besides obvious indicators as such...

Is it also usual to be charged 10% of the monthly rental plus an administration & management fee initially and then a balance of $300 for any maintenance or emergency repairs.There is no indication of when the rent is passed on to the landlord, whether this is monthly, quarterly or annually I'm not sure.Any advice on your experience with PM's would be much appreciated as well as any recommendations for good PM companies in the Tampa area.