Any property regardless of how you acquire it is going to have repair costs and tenant turn over during it's lifetime.

If however they package to sell off they want everything to fit in a nice box for a loan.Additionally check with the lender on what percent of business is a certain loan type.

I added value by renovating all of the interiors; I had 100 percent turnover almost as soon as I bought it.

Ideally, I would need a $50k loan to fix it up, and then refinance it into a 30 year mortgage.I do not have 20 percent to put down to purchase the property.In order to maximize the property's potential and convert it to a triplex, I am estimating a need for $40-50K in rehab expenses.

COMPLAINT FILING FEE: $ _______________________ OR ________% of rental payment, whichever is greater, and North Carolina law provides that no late fee for a Residential lease shall exceed fifteen ($15) dollars or five (5%) percent of the rental payment, whichever is greater; ORCOURT APPEARANCE FEE: __________________% of rental payment, and North Carolina law provides that landlord may charge a court-appearance fee in an amount equal to ten percent (10%) of the monthly rental payment.SECOND TRIAL FEE: __________________% of rental payment, and North Carolina law provides that landlord may charge a second court-appearance fee in an amount equal to ten percent (10%) of the monthly rental payment.So if I understand correctly, in the event I have to evict a tenant, I can only charge one of the fees listed above?

Also, how should I go about adding the co-signer to my entity, is it a particular percent that they have to own in order to be approved?

This will be BRRRR #3, of a lifetime of BRRRR! 

Even thought you will "make less" each month, I imagine the savings of cap ex and maintenance for the lifetime of the tenant as well as the lower turnover rate is much more worth it.

I actually recognized an opportunity once in a lifetime and jumped in head first.

Being here in SOCAL I think that prices are just overly expensive and anything I look at never passes the 2 percent or 50 percent test.