As for Raleigh, if you’ve already seen the success of Airbnb-ing rooms there, it’s worth exploring further, as it’s a growing market with plenty of demand.For alternative strategies in Greensboro, look into renting by the room, especially for professionals or students.

For example, looking at the Scottsdale/Tempe border but on the Scottsdale zip code side might be a good fit for this. 

Learning how to properly evaluate a rehab budget is imperative to your success and there are many books and posts on this topic of how to do it - I have posted many on this topic in the past.Don't forget on your list windows/doors, trims (baseboards and door casings), waterproofing/protecting floor of garage, potential need to frame/or upgrade farming of exterior walls of garage (many garages have stem walls) and the flooring is often sloped to garage door so leveling the floor may be necessary.

Taxes, costs, eviction complexity, etc are going to be a much bigger factor in your success than anything else.

This is key to being successful.

As a first time and out of state investor, my top priorities for this first investment were (1) a property that would be quick to rent (as I didn’t have other properties to offset extended vacancy rates), and (2) a very strong local PM team that RTR had extensive success with.

However, over 90% of our exchange clients successfully complete their exchanges.

Congratulations on such a successful management company. 

We are NOT a fit for low quality assets such as C/D or uber high input such as sec8 or mid/large MFH.

My question is what have people used with success to best track their time/investments over the year?