Diving into the Charlotte, North Carolina real estate market is a fantastic choice, especially for your first rental property!

I’d recommend taking a deep breath and not worry so much about ARV, CoC and just look at a way to decrease your cost of living while buying your first property.

Before diving too deep into the BRRR ro flip methods, I would recommend doing some research on what out of state markets are seeing the best appreciation YOY.

As someone with vast rental experience in Austin, TX (and a resident of Dayton), I would suggest really conducting a PFS (Personal Financial Statement) ahead of time - if not already done - in order to better assess your purchasing capabilities, then we can dive deeper into the creative methods.Connect with me to discuss when it would be a good time to talk.

If there would be peopole talk about their experience it would be a better feeling about diving in.

Before diving into BRRRR, try house hacking first, look into out-of-state markets, and use the profits from your initial property to fund future investments.

@Marcus Auerbach and Jason , I found this data to be very useful and intriguing.I checked the spread between Income, Fannie Mae Loan Limit and , ZHI Median.Area income: Fannie Mae 1 Unit Dwelling Confirming Loan Limit: ratio$158k->$1,150,000:7.27x (my zip code in CA)$100k->$766,550:7.66 ( zip code 53209 in Milwaukee)so these are expected but lets deep dive:ZHI ratiozip codeArea income:ZHI Median: ratio ZHI to income,current spread ofCAzip:$158k:$791k: ratio: 5.0x : 0.68% !

If in the countryside we do a post hole about 2 foot deep.

I certainly led me to thinking that residential assisted living homes (RALs) may be a valid venture to dive into over the next few years.That being said, I am interested in connecting with anyone who has had any experience with RALs, and similar types of settings, specifically within the states of New York and New Jersey. 

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