Plus new folks do a very poor job of screening the buyer for Ability To Repay (ATR) which involves pulling full doc and calculating the borrowers DTI, honest income, honest debt payments, prior debt payment histor (FICO) etc etc.Plus shockingly (or shocking to sellers) if you bought this investment house, fixed it, then are selling with financing you are selling "inventory" and y9ou owe taxes on the gain in the year of sale, you are NOT able to use installment sale to spread out paying taxes. 

With a budget of $300K-$400K, you could potentially find single-family homes or small multi-units in those areas.I'd recommend researching rental demand near universities like Duke or NC State or even checking out neighborhoods with strong job growth near tech hubs.

First person I hired, I also had them write their own job procedures and so on.

We were trying to manage every minute of scheduling for the sub-contractors.

At the time, I had just graduated with a physics degree, landed a great job in the Bay Area, and was newly married.

Rental income and expenses, such as mortgage interest, property taxes, repairs, and depreciation, can be reported on Schedule E of your personal tax return, regardless of ownership structure. 

As an employee of a MF Development Company, your boss will expect you to dedicate full-time hours to your job.

This setup ensures every project stays on schedule and within budget, which is huge in a market where timing is everything.3.

Great job! 

I drop them and use a competent local RE agent, who did a great job.