Exploring alternative options, I inquired about a property that was listed for rent.

I don't know enough about your rentals to determine quality, location, or layout, but I suspect my numbers are pretty close.However, your utilities are pretty expensive in the winter.

You’ll be playing for appreciation and rent growth.

So, make sure YOU understand the copy & paste info below:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

If you had 150k you could buy one 400k property with 8k property taxes that rents for 2500/mo or you could buy two 200k properties with say 3k property taxes per month each renting for 1800.

You want to be close to RTP (our economic hub) and the airport (located right by RTP).

., 10-day notice to pay or vacate for nonpayment of rent).

Then definitely get a quality PM and rent it out for a bit.

Location, location, location. 

So overdue rent balance.Previous apartment.