I can honestly say that I hope investors and agents read other’s responses and stay away.  40k properties that rent for 850 after 15k rehab are not everyone’s cup of tea but you won’t find those numbers outside of 29203 and 29204.  

New Flooring, Light Fixtures, Fresh Paint, plus Vinyl Windows.

You avoid 8-12 months of pain having to deal with builder delays, ground breaking due to winter/hard ground, costs of materials or shortage of inventories, etc.If that’s not your cup of tea you still have Charlotte, Duram and Fayetteville all offer some great sale prices on SFR's and 2-4 units for STR/LTR.Owning a home is a plus to get started if there is equity to use and you want to stay cash fluid just pull out some cash through a refinance or Heloc to cover the DP on the new REI.

You can chip the broken tile out, glue a new one down and mix some grout in a Dixie cup or just buy the premixed grout and done.

The last one took me 3 hours to change a faucet fixture in my bathroom. 

It does seem that other investors are excited about it.https://markets.financialcontent.com/crain.businessinsurance...It is not my cup of tea so this is something I wouldn't consider.

I’ve thought about BRRRR it’s not my cup of tea.

I always replace toilets, shut off valves, water fixtures, add frostproof water spigots with additional isolation valves for winterizing, switches, light fixtures, Add ceiling fans to every bedroom, GFCI outlets, regular outlets, smoke detectors with 10-year or hard-wired-in, use a quality one coat semi-gloss paint, basic white washer/dryer and Exterior door locks with touchpads (key free). 

From who buys light fixtures to which ones they will put up and which ones will not.

Person 2: "This place looks ok, maybe paint some walls, change a few fixtures and take care of the electric issue, and this place is great"Person 3: "Wow, this is a full gut..."