Hoping to secure some deals here in 2024.Dear @Dallas Maltby!

These markets are very large in NC (comparable and larger than Fayetteville) providing for great economics as well as a more diverse employment base.Doing a renovation is not as intimidating if you have the right team that can provide you comfort with before-and-after's of other projects they've done, plus accurate $s surrounding those projects.

Yes, I don't provide appliances.

No question, rental real estate is the best investment provided you assess the risks and make it work for you.

It's about the right location and providing a unique experience while navigating the regulations.

You had previously provided me information about an attorney you recommended, I reached out on bigger pockets and have not heard back.

Here are some considerations for commercial real estate:Higher Income Potential: Commercial properties often generate higher rental income compared to residential properties, especially in prime locations.Longer Leases: Commercial leases tend to be longer (5-10 years or more), providing more stable cash flow and less frequent turnover.Tenant Diversity: Depending on the property type, you can diversify your tenant base, spreading risk across multiple businesses or corporations.Market Dynamics: Commercial real estate can be more sensitive to economic cycles and local market conditions, requiring a deeper understanding of business trends and tenant industries.Purchasing: Generally, commercial real estate will require 20% down.Choosing Between the Two:When deciding between commercial and residential real estate, consider these factors:Investment Goals: Are you looking for steady rental income, long-term appreciation, or both?

(IRS provides tables to calculate the amount(s) based on your life expectancy each year.) 

Before moving forward, I'm seeking advice on the best next steps.Contractor Estimates: Should I get a contractor to inspect the property and provide an estimate for the repairs?

The thing about partnerships are they are never 50-50, but everyone has to pretend they are and both parties thinks they are the one providing 60%+ percent of the effort/results.