Deposits from the tenant.Security deposits from the tenant in residential dwelling units shall be deposited in a trust account with a licensed and federally insured depository institution lawfully doing business in this State or the landlord may, at his option, furnish a bond from an insurance company licensed to do business in North Carolina.

Clay soils mean that drainage is really important to prevent foundation issues.

I’m an out-of-state investor working on building my online presence, and I’m currently running into an issue with setting up my Google My Business (GMB) account.

The interior was outdated, the landscaping was overgrown, and several deferred maintenance issues were apparent.

Another issue is that many lenders do not lend below 630-650 FICO/credit score. 

I don't forsee any asbesto issues.

The interior was outdated, the landscaping was overgrown, and several deferred maintenance issues were apparent.

The issue I have seen with these types of properties is they could have two valuations - the value of the real estate which the structures will have little value and you have the land the other is as an operating business just like a bed and breakfast would have - real estate has value but it operates a business now you mention 12k / month but if someone also has to manage the property what is that worth and what would someone pay to manage a property like this?

Yes the biggest issue was they grew way too fast and he set up an entire servicing company to handle all of their deals.

I sat in on a lot of the meetings with owners/city and it seems for the most part to me, the city is just not interesting in AirBnB and as an investor, that's not a good place to be or be right.There will always be probably a few people who skirt the law or think they have a good workaround, but often catch 22.