Reducing rent sets a precedent and can attract price-sensitive tenants rather than those prioritizing quality.Negotiating renewal terms can make sense if tied to benefits like lease length or tenant stability, but always ensure it aligns with your long-term goals.

Here’s some advice to consider for your first home and cash flow strategy:Using your property as a short-term rental during the baseball season is a smart idea.

I met with Wicked Smart today and was told they help you set up a lead sourcing system, help you structure creative financing - which is essentially lease option/purchase, subject to and owner financing....all strategies I am interested in learning more about.

So, if that is important to your next steps, it's certainly worth considering. 

Price of condos we are considering are $465-$475k and they each bring in about $35K annually. 

Consider balancing liability protection with administrative costs, and consult with a CPA to align your structure with your financial and legal goals.This post does not create a CPA-Client relationship.

What I was thinking was, perhaps the seller's contract with the agent is soon expiring and if would not renew the contract with his agent he might consider dealing with me directly. 

Schools are not great.I would not consider that area anywhere close to AT&T stadium, but maybe closer than CA. 

Are there other pathways I should consider, based on my goals and experience?

*Another Exciting Development in Charlotte*The Iron District is set to break ground next year (address 905 w morehead st.)The Iron District's strategic location offers easy connections to Uptown, South End, Wesley Heights, Freedom Drive, Camp Greene, I-77, I-277, and Charlotte Douglas International Airport.