In my experience, if you take care of the tenant you will likely see that average to be true.  

Alternatively, I’m considering wholesaling it for a quick $20K, but I’m not sure how to find local investors who can move quickly and close within the bank’s timeframe.I’d appreciate any tips or guidance on whether I’m approaching this the right way, ways I could improve, or how to effectively connect with local investors who could allow me to wholesale this property and make some immediate cash.

@Jesus RodriguezWelcome to the community and be ready for a huge amount of information at your finger tips.

This could be a very long posts so I'm just gonna give you a few tips. 

If I go with the BRRR strategy would love to hear some tips on how to successfully manage the rehab remotely. 

Ali,If you want to learn some of the tips and loopholes on the finance or banking side feel free to reach out or send me an email. 

Here are a few tips that might help as you get started:Market Analysis: Since you're open to out-of-state investing, look for markets with steady population growth, job diversity, and a balance between rent prices and local wages—those factors often hint at stability and demand.

@Alex ThomsenThat is Way too much and also in North Carolina there is some weird due diligence fee that is not refundable so be careful.

@Chloe TaylorWelcome to the community and be ready for a huge amount of information at your finger tips.

Cosmetic repairs that don’t pose health or safety concerns are typically optional.Then be very transparent and communicate thoroughly to the tenant, as to provide a professional explanation for your decision forward.