Although I (and many others) transitioned to home office space, I believe there is a need for office space for many professions. 

Small improvements or updates can justify slightly higher rents too.

I am partnering with another investor who owns 4 single family homes in that vicinity.

And right now, I am going to tear it down in 2025 and build a new house as my primary home.

We scraped the old house and we build new home, where the houses are selling close to the $1.8M What was the outcome?

With a budget of $300K-$400K, you could potentially find single-family homes or small multi-units in those areas.I'd recommend researching rental demand near universities like Duke or NC State or even checking out neighborhoods with strong job growth near tech hubs.

Mind you, even if you invest at home, you need to do the/some work.Thanks for your reply! 

The refi or additional debt of any kind will impact the current performance of your property I'm never a great fan of selling a good producing property - unless I am certain I can improve the overall performance of my portfolio. 

Example - borrower uses loan to purchase a home in a B or C grade neighborhood for 380k, spends 50k rehabbing primary home, uses 200k to put an ADU in the back, appraisal comes back at 925k. 

When the home was purchased, it was conventional loan and the basement had tenants.