Purchase price: $420,000 Cash invested: $120,000 5 bedroom 2 bath property with pool, shed and playground in the backyard.

I currently have a rental property and am looking at getting my real estate license and building a property management and property maintenance company to serve my investments and potentially others.  

Ability to find properties off market6.

So, we bought the property 2 years ago, based on the valuation of the property considering income from 6 units.The sale deeds (from 2018- 3 sales) I could get from the City and the property tax statements (2023,2024) show that the property is zoned as 411 (apartments).

I have 3 long term rentals, but this is my first time with commercial property. 

The entirety of these cities aren't just comprised of cheap run down properties. 

Quote from @Vince Abernathy: BRRRR Strategy - First property....

Hi ZoeyBeing licensed in NC I would definitely say investing in a multifamily property in the Raleigh area can be a great opportunity, especially for house hacking.

If you classify the property as a "second home" instead of an investment property, you could potentially put down as little as 10%, which is a great advantage.

You can do the outreach yourself to connect with off market properties or connect with people who can find them(agent, wholesaler).