I have been following him for a month now.

What you want to ask is what is a good ROI or better yet, your Cash on Cash Return.I know someone who has $3000 per month cash flow.

Wilmington on the first Thursday of the month from 6:30-8:30PM. ccreia.wildapricot.org (this website hasn't been updated to reflect the change)NCREIA also meets monthly in Wilmington https://www.ncreia.com/Events.aspx?

Just remember not to do a 12 month lease if you find someone this month or next!

Currently started renting it for 2300$ per month , need your suggestion things I can do to fix my below situation. 

Any suggestions on companies that would be willing to insure without charging 30+ thousand a year??

  $6k per month and $30,000 to get it going and it cash flowed about $20k a month. 

there just aren’t many sold properties in the neighborhood in the last 3 months and even out to 6 months is limited.

They usually have a step down on that penalty like 3% year one, 2% year two, 1% year three and so on and so forth.So if you are buying a deal with the intention of rapidly increasing it's value in less than 24 months in order to refinance it and pull your cash out, you might want to go with a credit union for the acquisition financing because FCUs are barred from charging pre payment penalties.I could talk about this for hours about all the nuances but my fingers don't type that fast lol

Feel free to use this template:RE: RenewalDear Tenant:With the increased cost of taxes, insurance, maintenance, and other incidentals we are required to increase your monthly rent.