It's been the pursuit of mom & pop investors that got priced out of Raleigh, and they're propping up the rental market with no support from the industry demand, population growth, or anything in between.

framing contractors sub for other GC'sSeen some bad framing jobs recently so make sure you vet them out especially if your doing a pop top

Also I only hope to purchase 1 new property a year so I assume those situations wont pop up too often.Thanks for the quick reply!

Etc.And any Midwestern city under 100k pop..

I am not aware of any hedge funds purchasing, most of the investors are mom and pop and will be using financing so the appraisal will be on the value based on comps, not revenue or future revenue.If your property is above average in condition and amenities and being offered furnished those things could get you a small premium but you will likely not get a buyer paying cash based on a multiple of past/future revenue.Good luck!

This is not a mom&pop shop where you might find bad bookkeeping.I don't see how any lender underwrites this in the absence of data. 

Most mom and pop landlords are abandoning ship after seeing the writing on the wall. 

Part of the reason I want to flip is A) make something functional and useful again and B) use the artistic side of my brain to create beauty.

Interestingly enough, Kin insurance, was actually one of the first options that had popped up during my initial online search.

I have had unexpected issues pop up way too many times in the last few years, and each time I was very grateful for the extra capital I had stashed away.