I just signed up for BP to get access to resources in order to start investing in RE. 

Hey @Jessie Redd, so there are restrictions in Raleigh.

You need to make sure there is room on the electrical panel to add larger appliances and also plumbing is easily accessible (to keep costs down). 

The way the condo is set up, I would need to allocate the one window in the living room to the new bedroom, meaning the living room will no longer have a window.I know bedrooms require certain legal restrictions to be met (2 egress, certain size, etc).

Our government has laws restricting lenders from closing loans that are small loan and high cost so many will not touch these even if investor.

But consider your lifestyle and what you want to have access to while you are living there and also where the tenant pool is strong and demand is high.

We are about a month away from having the dedicated parking spot finished (gated w/ keycode access).

Rather than accept an offer to cash out (offer restricted by current appraised value which because of recent vacancies was low) I chose to sell on a wrap around note.

Moreover, our loan covenants also have restrictions.

The advantages to those are that there are less restrictions, less competition and lower purchase price.