Short term it is difficult to make the numbers work, the cost of new construction and the time it takes to zone-plan-build are usually the main reasons why private investors stay clear.

Some high and lowlights:- I had one tenant that brought German cockroaches in and then blamed it on me- Same tenant asking if her daughter can visit but failed to mention it was 5 more very noisy people- another tenant having constant loud arguments with his gf- tenant saved some of my stuff when the house flooded due to a pipe burst and another time during a monster rain storm.

My actual experience has been very varied.  

Many of the best investments are the ones you don't buy.

*Another Exciting Development in Charlotte*The Iron District is set to break ground next year (address 905 w morehead st.)The Iron District's strategic location offers easy connections to Uptown, South End, Wesley Heights, Freedom Drive, Camp Greene, I-77, I-277, and Charlotte Douglas International Airport.

We did get much lower costs when we changed to minisplits but the initial cost is high.Central HVAC unit, very expensive to run.

I think that strategy works best in higher areas or mid term rentals near major employers.  

Unless you have an immediate need for the cash I'd wait until I could pull out the extra $40k. 

Very cordial. 

Any recommendations or advice on how to attain this would be very much appreciated.