This can lead to "renegotiation" demands at the closing:(Other Potential Issues to Consider:Being in the chain of title is also exposure to potential legal issues.Selling an assignment may be a violation of a state's real estate statutes.Wholesaling w/o a real estate broker's license may violate your state's statutes.I'm sure there are more...

You must keep the tenants security deposit at a bank that physically operates a branch office in the State of NC.  

I get an email alert each time a deposit is made.I prefer not to use any third-party vendors (Zelle, etc.) because firstly, that creates another link in the chain that can break down between the tenant's deposit and my bank account.

I plan to start locally in my area before branching out at this time but before I do, I am doing my best to absorb as much information as possible which can sometimes be overwhelming since I just don't want to make a costly mistake.

Put the same capital in say a good spring branch area and you'll have considerably higher profit % and $ wise.

Caixa de Credito is good, but it depends on the branch.5- I think you should get to know the market before investing.

I also reccomend lining up a contractro early, realy early, from what I’ve heard, so you can keep everything on schedule and budget.So now that you’ve tackled what most investors would call a major job, do you see yourself repeating a similar strategy.. or do you feel like branching out into something else?

Bank of America does this - not sure about the minimums, but if you have a good relationship with your local branch, they can waive the monthly fees until your balance grows from rental income.

Local investors can now get additional discounts by moving up the food chain and buying as notes and, on mortgages secured by vacant properties, utilizing the preREO strategy to generate revenue during foreclosure process.

It’s not about chaining yourself to a rigid model; it’s about giving yourself a reliable starting point, so when the next tempting deal in Phoenix’s midtown corridor pops up, you know it fits into your broader strategy rather than just hoping it’ll magically work out.At the end of the day, nobody’s going to knock on your door and hand you a neatly packaged portfolio.