Charlotte is a tough market for investors at the moment as we have had a considerable rise in the average price of housing as it has become more popular here. 

Hi Elizabeth,Using a  self-directed IRA to invest in real estate can indeed be a viable option, but there are several important considerations to keep in mind. 

Most investors will also take into consideration risk, time invested, control over the asset, the ability to do a cash-out refinance, and other factors.

Any considerations?

Tell the agent to provide you with the all-cash written offer for your consideration. 

On another note though, I see first hand how they treat the places that they rent, and upon taking into consideration the rehab on each turnover could potentially cancel out that additional cash flow they would bring in.

And if risk is the biggest consideration then you'll be wanting to focus on quality of tenant more than quantity of tenant.  

Key Challenges and Considerations – What are some common challenges or things to keep in mind when starting in real estate as a side business?

So, after the consideration you give to @Jason Wray recommendations, complete any borrowing before you move out.  

According to planning, only 1 and 1/2 story is permitted in this neighborhood.There are some consideration yet to be taken at this point.