Indeed - I see bright future for North Carolina as a whole and for all major population centers like Charlotte metro, Research Triangle (Raleigh-Durham-Chapel Hill) and the Piedmont Triad region (Greensboro-Winston Salem-High Point).

Also will be adding two ADUs in the back to turn the whole place into a 4 unit rental.

Currently, we are targeting multifamily properties of 100+ units, and have been actively engaging with various owners and brokers, submitting Letters of Intent (LOIs) and working to secure deals.While some may consider our approach bold for new investors, we are confident that, with the right team and expertise, we can succeed in achieving our objectives.I’m excited to be part of this community and look forward to learning from your collective experience.

Initial Equity: The discount you achieve when buying below market value.

There are more passive ways to invest in real estate than "turn-key" real estate and achieve those types of returns, but you will need vet the operators and get educated before jumping in.

Now there is a whole array of ways this could be done, I'm not gonna run down that rabbit hold but fact is doing it all 100% on your capital alone is the hardest longest road.

I imagine the whole process is simpler but can anyone tell me how different it is when you don't borrow the rehab costs?

Again, read what I actually wrote, the whole thing, it's got every detail. 

In 2019, I launched my own revenue management agency to help Airbnb owners boost their income and achieve greater returns on their short-term rental properties.

I recommend you budget 5% of the gross rent (for the whole place, even what the rent would be if you were living in it as a tenant) for repairs and 5% for capital expenditures.