The faster way would be to flip your cash (or cash like substances) into larger cash, then use the profits (after you've grown your seed money) ONLY to buy your hold properties. 

Hello BP'ers - I am considering purchasing a rental property in the Charlotte-Raleigh-Durham area but have grown concerned over the level of flooding in the local area.  

My timeframe is 5+ years so I’m hoping there is continued growth in the area similar to how the RTP area has grown over time.

I would have about 6 K-1s and 8 documents from investments and 2 from W-2s plus 4 from my properties which has now grown to 7 properties and by the time all was done he would have the whole return done in an hour and a half and my bill would be $1600.

When they vacate, you don't want to be surprised by them yanking out upgrades that they think belong to them.... electrical fixtures, plumbing fixtures, etc.Lastly, changing the terms to a month-to-month tenancy will give you more flexibility for removing them if they don't follow your rules.  

Jobs and population grown drives demand for housing.

we've been spoiled by having a group called fibi (for investors by investors) that was created a few years ago and has the same attitude and values aligned w bp's model. theyve grown several chapters over the yrs in so cal at least. there are one or two independently run ones w similr values n intent for the investor, but u have to search. u can find fibi on meetup.com. maybe ull be able to find similar in ur areas if u chk meetup.

Very cool @Joshua Dorkin The site has grown tremendously over the years I have been a member.

If you're using a "home grown" contract, I would suggest putting in something to the effect of:Inspection Period: All parties agree that Buyer has 10 days from the date of binding agreement to perform his due diligence and inspections ("Inspection Period").

I've lived here for about a year now since I moved from San Marcos and it is a beautiful small town, though it's grown a ton since the 90's.