I am utilizing this space for transportation purposes.

I'm also speculating that the rents will go up over the next few years based on city's plans to add more transportation and other nearby developments to the area (but that's a bonus).

https://www.biggerpockets.com/calculators/shared/4... 12th Street Project Costs updated 3/9/17               Structure and Site Price each qty Total         The Pines traditions HVAC 190,401 9 1,713,609 Painting (not quoted) 10,000 9 90,000 Land 33,333 9 299,997     0 Site Development (Crestline) 30,000 9 270,000 Retaining wall in back 7,000 9 63,000 ($35-40/sq ft. face)   0 Landscaping 5,000 9 45,000 Sidewalk 20 570 11,400 Driveway $4/ sq ft 12x40 1,920 18 34,560                 Building fees and SDC charges           Building Permit city 105 9 945 Building Codes permit fee 2,553 9 22,977 Chenowith Water SDC 4,760 18 85,680 Plumbing inspection 383 9 3,447 Electrical Inspection 168 9 1,512 Mechanicical Inspection 95 9 855 PUD connection fee 300 18 5,400 Sewer connection fee 1,789 18 32,202 Storm water connection fee 342 9 3,078 Transportation fee 1,500 18 27,000 Parks & Rec fee 1,552 18 27,936 School ($1.23 x finished sq ft.) 1.23 21816 26,834         TOTAL $2,765,432         Cost per door   /18 $153,635.09 Cost per building   /9 $307,270.19                         Other possilbe costs       Loan Origination fees 1% of loan $2,765,432 0.01 $27,654.32 Appraisal 800 9 $7,200.00 Title fees 950 9 $8,550.00           estimated closing fees $43,404.32

I'm not finding it to be an issue if the homes are not bear public transport.

Look to see what, if any new businesses are located there (job growth).Then I take a look if they are in a major transportation hub.

I live super close to the light rail and public transportation.

Deals are still possible there, it's close to public transportation and a lot of the renters getting priced out of SF will head there first before they come down to the South Bay.Let me know if you have any more questions :)

Much of it is 50 years old and may be 900sf 2/1s with a carport, but still, the returns can be pretty good here... especially with rental rates increasing faster than values.I keep my searches close to the US41 corridor as it's easier to rent out those properties near public transportation and whatnot.

I haven't thought about this for too long, so I'm not sure of exactly what type of property and price point I'd be aiming for, but something like a triplex or quad for 450k or under within an hour's commute to midtown by some type of public transportation.

Stress proximity to NCSU and other known amenities, transportation options, parking availability, etc.