The city has been experiencing consistent population growth, which often translates to increased demand for housing. 

in the meantime you could also get an agent to give you pricing on what it could sell for and get ready to list it.

I do expired listing calls for one of the agents in the Charlotte area and do a finders fee if they decide to relist, but I have the opportunity first to buy it.

Nice to meet everyone - just signed up to Bigger Pockets.I'm a Halifax-based commercial real estate agent (7 years and 350+ transactions) and investor, looking to connect and network with others in the area.

why no MLS  agents may have done a bunch of your homework up front.. just offer what makes sense to you.. me personally I would start with  the zoning maps and only look at props zoned for the size you want to create.. then work backwards.. no sense chasing deals without knowing the zoning up front.

Did you / your agent hire a professional photographer? 

It is possible that your latest accountant did everything correctly, and it is also possible that they did not.Have an experienced real estate tax accountant review it rather than asking on this public forum.

Also, you said these sponsors were experienced.

We did not need help in deciding what our investment niche would be; we needed help in creating and implementing a tax strategy plan for a married couple composed of a high-income earner and a real estate agent and business owner.A few weeks after paying the $25k, we set up our first meeting with our assigned CPA and started the so-called “advanced tax courses” provided, which are generic modules that only vaguely introduce financial concepts, topics, and terminology.

Only reason I mentioned the realtor is because I saw this house a year ago and the agent reached out to me.