Quote from @Terrence Adams: Hi everyone, I’m Terrence, new to rental property investing and excited to learn from this group.

That being said, you cant really rent out your pool or finished basement to a Long term rental tenant, but you can with an ADU. 

Some costs are eliminated (such as 'soft charges') while others are accounted for in the interest rate. 

If the landlord or their employee did the work themselves, they must include a description of the work, how long it took, and the hourly rate they charged.

To clarify, in MN a person must be a licensed to perform at-charge Property Management services, for others, on a standard commerce basis. 

I assumed since they would profit too, they’d guide me correctly.But what they didn’t tell me was that on top of the $10,000, they charge nearly $200 per month for software to "learn" from.

@Ashish Gambhir like most have said it will take some creativity or a lot of work to get a cashflow rental in the Triangle. 

But if you have good credit, and this is a conventional loan on an investment property that is a SFH - you should be getting a lender credit, not charged points at 7.125. 

Investment Info:
Single-family residence buy & hold investment.

Purchase price: $305,000

Cash invested: $80,000

Single Family home in a 55+ community. 2 Bed 2 Bath, attached 2 Car Garage. Tile ...

Hiring someone to do the work will likely cost too much (I would charge a small fortune, it's an incredible amount of work) and doing things as cheaply as possible will bite you in the *** later when you start having issues with your own shoddy work and/or materials.