He will need to be around 100k and can get in Lee Harvard area, 

@Ruby Lee ask your lender to quote both options, so you can compare them, the rates might be different and the mortgage insurance will likely be different, also consider the upfront costs of each. 

Thank you for clarifying this.A couple points to expand on for the general community, we are mainly focusing on building in Lee County in SWFL. 

I just picked up a 7 unit all in 200k, net rent about 38k, and will go higher. 4 br in Lee Harvard, all in 75k, rent will be about 1300, , 2 br, all in 55k rent 850, Con, not much, just need to know what you are doing or have a team around you that does. 

@Hamp Lee III Thank you for sharing the Naca program, I just signed up for the workshop!

@Mike Lee welcome to BP; you found the right place to start house hacking in Charlotte.  

Here are some of the areas that I focus in on:West side - West boulevard, Cudell, Clark-Fulton, Jefferson, Bellaire-Puritas, Old BrooklynEast side - Fairfax, Buckeye-Shaker (the north side), Waterloo Arts District, Garfield Heights, Maple Heights, Newburgh Heights, Lee-Miles (the north side), Bedford 

@Lee Radford, I thought it was just me, lol.

Quote from @Rodney Sums: Quote from @Julie A.: I'm working on a 10 year portfolio plan for buy & hold rentals (SFR or Multifamily).

I know Dan Lee of KW takes all kinds of jobs with his construction group.