I'm also on the hunt for my first investment property and have been focusing my search on primarily off market properties.

I need someone who has worked with investors before and can help this newbie along the way in the hunt for a great deal on a SFH or duplex. ;-)Thanks,Kelly

Our lease is now coming up and we are asked to renew and we have agreed to renew for 6months while I house hunt.

I don't think of it as "harassing" the owner, but often times if it is a potential tenant apartment hunting, they want to find out information on property or usually it is because the manager might be new and still unable to answer certain questions.

Also, Durham, Sanford and Kenly are much further outside of the hub of Raleigh than 20-25 minutes...Appreciate the response, but let's direct the conversation to the financing / borrowing questions instead of going hunting for properties.

However, I know there are more strategic ways for me to hunt for a deal.

Hi BP, I've been hunting for my first rental property for awhile now and been running calculations on this but keep wrestling with it in my mind.This is in Denton, TX (2 universities in town)New construction Townhome - $210k (3 bd, 2.5 bth, 1,670 sq ft)I've had rental comps run in the area and for other townhomes renting in the complex and they are renting around ~$1,750. 20% Down payment - $42kIncome --> $1,750Expenses (including principal, interest, HOA, insurance and taxes) --> $1,424Cash flow --> $325CoC ROI --> 8.63%My biggest concern is this doesn't meet the 1% rule so I don't want to be paying a lot more than I should.

Happy hunting!

I don't want to give away too much but I also don't want to make it too little to where they won't be hungry to go and hunt for the next deal. 

In hopes of creating a legitimate business and continuing my education, I'm the hunt for resources to help me learn creative financing.