- I know NC been on the radar for quite some time- is it still worth to pay attention to this market?

In this case, your broker’s experience and relationship with the listing agent could provide valuable leverage.

This model seems to work very well in that market.  

Purchase price: $575,000 Cash invested: $218,750 Sale price: $775,000 This was a tough one.

I would double check all this, but my understanding is as follows:The property owner is still responsible for repaying the mortgage, even after condemnation. 

If this isn't really something you're open to doing then I'd probably focus on a turnkey single family property that will get good appreciation over the next 10-30 years. 

Started a new Partership earlier this year and got our first house within it.

Reach out to @James Hwang about this.

I'd simultaneously search for duplexes especially those with value-add potential.Regarding volume, the Suffolk towns with the most listed 2-4 family properties since '23 have been Lindenhurst (46), Huntington (22), Patchogue (21), West Babylon (16), and Bay Shore (15).Riverhead has had 10 listed small multifamily properties in this timeframe so it isn't too far behind. 

Your worst-case scenario (not specific to MA) would be having to sue to get them out as a holdover, but this is really reserved for worst-choice scenarios when owners choose the first renter or don't do any due diligence.