I’m happy to share my perspective on communities and home types in the area.

As a professional property manager for going on 20 years and a real estate investor, I still encourage people to manage for themselves. 

This takes some of the risk off of the landlord and places the risk on you.

Quote from @Joseph Mena: Looking to close on another investment property  Congrats!

I'm guessing you'll spend at least $150,000 more on taxes and insurance, which puts you at $400,000 a year in expenses for a property with a gross income of $360,000.

If not, well, a confused homeowner always says "No".𝗙𝗶𝗻𝗱 𝗠𝗼𝘁𝗶𝘃𝗮𝘁𝗲𝗱 𝗦𝗲𝗹𝗹𝗲𝗿𝘀: Look for property owners with a problem, in markets that favor buyers: increasing inventory, declining sales, price reductions, long days on the market.𝗡𝗲𝗴𝗼𝘁𝗶𝗮𝘁𝗲 𝗧𝗲𝗿𝗺𝘀: Decide the 𝘵𝘺𝘱𝘦 of lease option you are offering and craft the terms accordingly, agreeing on option to purchase price, lease duration, and monthly rent.𝗡𝗲𝗰𝗲𝘀𝘀𝗮𝗿𝘆 𝗔𝗴𝗿𝗲𝗲𝗺𝗲𝗻𝘁𝘀: Ensure your agreements are clear, legal, and protects all sides.𝗠𝗮𝗿𝗸𝗲𝘁 𝗼𝗿 𝗘𝘅𝗲𝗰𝘂𝘁𝗲: Depending upon the type of lease option and your objective, either assign the option to a buyer for a fee, or exercise it yourself when the time’s right.Lease options are a low-risk, low cost entry into real estate investing—start small, take action, then grow.

Your property sounds a lot like one of my clients in the urban core of Kansas City, though he focuses on SFRs.

Hello everyone, I'm in need of some advice on my first rental property.

Raleigh investor here focused on short term rentals and creative real estate investing - harder but not impossible to cashflow here

Check it out and see what it's about before it gets too out of control on here.