@Chad Urbshott Thought I asked this before.....does the surplus from the auction go to the foreclosed owner like it does in FL, or hopefully does it go to you as the 1st mtg holder?

Chad, just out of curiosity.....does the surplus from the HOA auction go to the owner like it does here in FL or does it go to you as the 1st mtg holder?

An option that you could consider is buying from NC state surplus.

I have an income surplus of about $800 per month that I can use to invest and save.

Second Hand Surplus provides flooring and is great for people who know what they want and don't need a Home Depot retail environment.

I have no mortgage on the property and it generates about a $6k surplus each year.When my current tenant moves out, I'll have to re-carpet and re-paint, maybe renovate kitchen.My question is, since all the appliances are original (and still in good working order), when this tenant moves out and I do my renovations (mentioned above) should I sell it before some of the expensive things start breaking down (a new heat pump will run me about $6,000) or re-rent it?

Why are you saying there is $39,000 surplus in the deposit entry?    

Small office is the wrong place many agents will not have the time and small office broker may interpret any non-producing agents are surplus.

After Rent - PITI + PM, I still make on average about $200 per month on each property which is $2,400 per year surplus, my rents on average are $1,200, so 10% repairs and 10% vacancy, that's $2,880, so probably no rude awakening. 

$10K surplus?