For the four-plex, if you're thinking about taking out a new 5% conventional loan, be careful to review the loan criteria as they could also have occupancy limits.Renting Out Your Current Primary house: One popular way to make extra money in Charlotte is to rent out your current primary house.

After 2 years we were over all this extra work each month.

I did research that the best deals are usually off-market deals that you can get before they hit the MLS.

There is also "No Prepayment Penalties" so you can refinance in as little as 6 months.The All cash purchase allows you to get a better deal since the seller knows you can close quick and usually "No contingencies/No appraisal".

I am unsure if I need to pay extra or will get something back from IRS for TR2023.Thanks so much for help!

I don't usually recommend a full gut to my newbie investors because its a ton of work + time + can be a headache but something minor shouldn't be too hard! 

Pretty much any time the tax code uses the word "individual", it means one human being (unlike "person", which usually includes other legal entities). 

Waterfront is usually desirable and it depends on what kind of boat can fit, how nice of a view, etc.

I have expenses account for the usual like insurance, repairs and so forth.

Usually you are limited to 80% LTV on a property like this but do speak with a loan officer right away to know the specifics on your scenario.