Quote from @Marc Zak: In the market where I live (San Diego), appreciation has been strong and many predict it will continue to appreciate in the long term.However, with current interest rates (6% at best) and property tax (2%), the annual cost burden is 8%.Am I correct in saying that appreciation has to be above 8% annually (plus whatever my maintenance and vacancy costs are) for me to make any money in this scenario if the property is cash flow neutral?

I've now used it twice.The program requires 10% down, must be a rental, no PMI, and has a very high standard of credit.Last I did it (Summer 2022), my rate landed in the low 5%.  

Thank you Daniel for that very helpful information.

Exciting times ahead for you.Wishing you all the best.

Your initial monthly payments will be very low and then build up as the project gets to the end.

Also, because you are at risk if the leasee fails to execute properly, you had best have a great lease and the ability to check on their performance. 

Quote from @Sean Regan: Very excited to see the continued growth in Charlotte. 

Real estate can be scary to jump into but VERY rewarding! 

I know you all are all very busy and I appreciate your time, and we look forward to hearing from you!

You get the best of both worlds.