I am mostly north of the NC/SC border, with only one 80 acre parcel in Dillon county SC that I eventually bailed on last year. 

Predominantly looking for rentals in the surrounding counties that border Davidson. 

Be sure your end buyer is going to show up and/or be prepared to lose your EMD.If you don't have the cash to close remember what you are doing - you are gambling with your EMD - you are going to the tables and putting $X down on the buyer - the buyer doesn't always show up.So - yes it is possible to do it - if you have a title company that is ready willing and able to do it.The fact that you say you can buy in your LLC and then sell the LLC leads me to believe you have the cash to do it - that is a good thing - be prepared to own the property yourself.

In California, I would have to pay tax on the income earned out of state, but brought back into California (even though the business was conducted outside of CA borders)2) My eyes really have been around the Eugene and Corvallis areas; with Bend and Beaverton/Hillsboro in the peripheral.

The possibility of sabotaging these relationships is a risk I am not willing to gamble.

Either appreciation and cashflow has its variables and as soon as one neglects the fact, its a gamble.

If I were to gamble I'd play black-jack, at least I can count cards!

I love your example of using bandit signs on the border of jurisdictions.

Victoria, I would run the numbers as mentioned above it often depends on the facts and circumstances of the property and buyer and seller preferences..But just off the top of my head, I would think about some common terms from both a commercial and even residential context (as you are on the border here with a 5 unit).

It has good schools and tends to be much cheaper than the bordering cities.