Recently, we have seen an increase in the selling price in this area though due to many investors buying low then reselling, utilizing the fix and flip investing method.

Hey BP,So I believe I am ready to start investing. My strategy I want to employ is the BRRRR strategy. I understand that finding the deals are very similar to flipping. Would finding a wholesaler to secure deals for m...

Land value is about $40K for an unrestricted lot with all utilities.

The rental property i am considering, i have to all the utilities every month. 

This information is not about license but its more like a utilization of depreciation methodology.

I’m looking to utilize my HELOC.

If I had to guess, a room would rent for $700-$900, depending on whether or not you're going to have them pay their share of utilities.

I would agree that being able to utilize leverage is what makes real estate investing so great but I can understand the desire to pay things off so as to not worry about them later.

If you ask how much something costs to repair and he/she can't give you a ballpark number they either don't know or aren't confident enough to give you an answer.First things that come to mind that people may not think of:- Crawlspace or Slab Foundation - Crawlspace makes it easier to relocate utilities and do structural repair if necessary now or in the future.- Cost of work required based on current market rates (for example right now electrical work is very expensive in Charlotte metro compared to historical norms)- Are any code issues with the City of Charlotte or LUESA? 

There are munis and public utilities that impose some serious fees and repairs when title transfers.