@Wendy Schultz Appreciate the input, I've been doing some online research with the city of Phx so hopefully I'll get it right.

You can then develop your own plan not simply take random suggestions from strangers on line.

Mark, Improvements have to be capitalized unless you meet few safe harbors. 

Hey Community!Long time since I have been on so sorry I haven't been contributing more. I have an interesting tool for converting real estate deals into analysis similar to what you would present for stocks or mutual ...

#helpme I am online looking at the assessed value of the property and it is way below what they are asking.

After asking for advice from some family that has done this type of work in the past and learning several different methods online i was ready to tackle the what seemed impossible tub remodel.I'm not going to bore you with all the little things that i learned that need to be done but i ended up going with the cement backerboard method.

Along with gathering information online, I've also been watching a ton of videos on youtube and that is how I stumbled across BiggerPockets.

Aside from that, my reasons for choosing Charlotte were that :It has a strong economy with a variety of industries & a growing tech sceneThe avg rent-to-income in Charlotte is around 27%, which makes it pretty affordable for tenantsThe rent to home price ratio was relatively high (2% rule, though it looks like it may need to be more of a 1% rule, as with other places)It's generally safe, with crime trending downward over the last 10 yrsNet inbound migration was highHome appreciation was up, but not ridiculously so like some other markets (like my home state in CO)It's near to several other potentially attractive markets if Charlotte _didn't_ work out for us, like Raleigh, Nashville.All these factors lead me to believe Charlotte is going to be a good place to acquire buy & hold rental properties and try my hand at a new business.

At this point, I am looking at property online and talking to potential agents via email.  

I'll check them out online with the various local KW brokerages.