I wanted your typical 3 bedroom house (not necessarily 2 bath) which cash flows.

Historically, Charlotte has never experienced more than two months of this level of inventory in any given year.Days on Market Has DoubledCompared to last summer, the average Days on Market for rental properties has doubled, making it clear that tenant demand isn’t keeping up with supply.Why Is This Happening?

If the STR is successful, then you can double down and buy more of them.

I think the area is short on larger (4-5 Bedroom) homes that can really accomodate a whole family.  

Especially, is you are just starting your real estate investment journey, a small 2 bedroom 2 bath duplex each side is the best.  

Most building codes and HUD standards require bedrooms to have windows for egress and ventilation.

If your annualized maintenance expenses are in the double digits of gross rents, then the 1% rule is also inadequate. 

Picture this: 3 pools and hot tubs, a dynamic game room, a versatile venue, pickle-ball courts, outdoor theater, mini-golf, and more.

Slow and steady still wins the race, and leverage is a double edged sword that can get you in real trouble if you don't respect it.

We target low purchase prices here: $120,000 to $130,000 can get you a three-bedroom, two-bathroom home that can command rents of roughly $1,100.