Planning for potential infrastructure issues is essential, especially when dealing with properties that may need upgrades like connecting to city utilities.

Here’s a focused approach:Expand in High-Yield Markets: Look beyond North Carolina to high-demand short-term rental spots like Nashville or international markets (e.g., Mexico, Costa Rica) for diverse, stable cash flow.Invest in Multi-Family Value-Adds: Consider multi-family properties in growth areas like Texas or Florida where rehab can increase rental income and appreciation.Leverage Trusted International Partners: For global investments, work with local agents familiar with foreign buyer regulations to streamline acquisitions.Use Property Management for Scalability: As you grow, property managers can handle logistics, especially for out-of-state or international assets, so you can focus on new opportunities.For specific market insights or connections, feel free to reach out, I’d be happy to help.Best,Drago

For the modifications, cities generally focus on safety and code compliance, but since you're considering structural changes like wall removal and garage conversions, obtaining permits is key.

I'm not saying you can't make any money in RE - I certainly did - but if you really want to grow money and have a business doing that well, why would you want to sink $200k into something you don't know a whole lot about.

Found the owner and asked if they would like to sell.

However the layout is not very straightforward (like below).

Taking that first step to learn and connect is huge, and it sounds like you're already on the right path by diving into podcasts and resources.If you ever have questions about specific investing strategies or need advice on navigating the market, feel free to reach out.

To gain equity with MFH, I'd recommend doing modern renovations in the kitchen and bathrooms (like you said).

Hey Georgina, I'm in a similar boat to you as well!

The pricing, seller's vibes, location all made it seem like a sweet deal.