My name is Pablo and I am an aspiring investor currently residing in Southern Pines, North Carolina.

To be close to our happy hour friends on the Lake we picked up a 1bed, 1 small bath, 5x7 kitchen Lakehouse & totally gutted it, rebuilt & re-wired the entire inside but carefully maintained all the old 1inch pine & cedar planking.

But luxury homes stay WAAAAY longer- given the smaller (miniature) pool of potential buyers and tight credit.No need to guess, do your own due diligence.

And those that live in Oregon of course think we are Oregon everyone wants to be US:) I still Pine for the Napa Valley though that was the best place I ever lived.. spent 10 great years there.Bottom line for weather culture fun and many other reasons there is a reason 40 million plus people live in CA....

@Jared LaLonde I know local hard money lender Pine Financial Group and Kim Burke with Leader1 Financial specialize in financing the rehab project and then refinancing you once the rehab is done and a renter is in place.

I sold my Piedmont Pines home in 2015 and now want to reinvest in a duplex in this or the Lakeshore area.

I can save money by: digging septic hole myself, paying my uncle who is an electrician for the electrical, I have all the flooring already (brick for the bedrooms and bathrooms/bluestone for the kitchen/pine for the living room), I'm also in the military so I get 10% off at Lowe's on all materials.

would one expect maintenance on a home like this one:http://www.zillow.com/homedetails/17365-Pine-Beach... to be around $28k/ year? 

The second easiest is to go to any online source and pull up a list of houses on the market and do a reverse address search to get the number.I then call and say: "Hi, this is Doug, I'm calling about the house for sale on Pine St. am I speaking to the owner?"

The law requires tenants to be given the booklet about lead paint safety which is available on the pine tree legal website and then the signed acknowledgment letter is kept in their files.