Seller Pre-Sale Financing: Consider selling the tenant-occupied property "as-is" now to an investor, perhaps at a slight discount, which could save time and eliminate renovation costs.

He has $50K to put down and plenty to do whatever renovations he would want to make.

And finding a home that needs a good renovation and mixing it with these other strategies really helps.As far as areas go, easier to cashflow on the outer suburbs of Raleigh and on the Durham side of the triangle.

@Melissa SejourRecommend 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?

There are several 4 plex properties under 1m and a nice 3 plex, fully renovated for 900k.

I would like if you ever need a licensed GC to do renovations/Tenant Improvement projects I have a group for that.  

My metrics were to be all in purchase and renovation at or below 80% ARV. 

First, estimate what the renovation would cost, how long it would take, and how much extra you could potentially sell the property for once it’s fixed up.

Did you complete the renovations on a property?

@Rory DarcyRecommend 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?