Heck, you will be punished enough when the tenant moves out and you need to scrub/paint/rehab the property.Here such a bylaw would likely not stand-up to a constitutional challenge.

I think it will be a very interesting/challenging ride once I start finding some target properties and negotiating with the sellers.

Of course, if everyone really did, it would be a boring world with no challenges.

This gives us a unique perspective.

Anyone else here in the Fayetteville, NC market having similar challenges to finding deals?  

Fortunately we're one of the largest installations in the world and we have two unique features (a shipyard and nuclear subbase - one of only two or three in the U.S.).

I will likely do a post of my progress after I do my first flip here and document my challenges and advantages.

In todays climate depending on your credit income etc multifamily may prove to be a challenge.

Any decision involves your family - history, present day, and future.Before considering any different, new, and unknown risks and challenges, consider if investing the cash flow would be a better option for your family and its future.Best of luck with your considerations and decisions.

For those of you who have purchased 'challenged' properties before, you know having anything 'left' is a miracle.