I think 4 months is aggressive on an 80k Rehab and then get it sold, what is the average time on market?

@Stephen Walker - 1099 income can be used, they just take the average of the most recent 2 years tax returns.  

This picture is pretty indicative of a lot of newer areas of Charlotte.Given my affinity for math and research, I decided to pull property sales and tax records on these 13 rentals, and sure enough—11 of them are owned by national REITs.The average length of the listings is about 50 days.

It can easily add 5-10% more per month average.

Are these average returns and do you think the only way to find better returns is via wholesalers and/or off-market?

Times have changed, and there is a great misalignment of interest in the landlord industry with that of the investor, but if you look closely enough, you will find that the roots run deep, and straight to our friend Jesus

There are income limits to this program, unless the property is in an underserved area.I'm actually helping another BP member right now on this exact thing, he found a $631,000 3-unit on the NW side in an underserved area and is buying it with only 10% down.If you have any questions, feel free to reach out, happy to answer any questions you might have because there are a lot of nuances and guidelines that the average person has no idea about.And btw, @Brie Schmidt is an awesome investor-friendly realtor, since you were asking. 

I need to find a lender that will accept just 2017 tax return .... not average 2016 and 2017. 

@Chase Gochnauer  your the perfect guy to make this work in that asset class. you live there work there probably self manage.. your in the industry etc etc.although the BRRR is still no money in the deal.. and those that do that if they got a problem they will walk to.. its only their credit they lose no cash. 

For my portfolio, we always do an increase of 2-5% to keep up with the increase in property taxes (2% on average year over year) and the market increase (somewhere between 5-10% in my area).