It took 1 year to get all of the offices and the 7 extra parking spaces leased out, but now it cash flows beautifully. 

It sold quickly as it was VERY beautiful, plus, it appraised for sales price TWICE even as the price was $15K more than the ARV in May.

I would say the same is true for careers and businesses in general.

Couldn't be to a more beautiful place.

It's true that Charlotte is at all time highs, but at the same time, the economic outlook for Charlotte couldn't be any more positive for the future.

Same is true of a light fixture, faucet, toilet, flooring, paint, etc.Additionally, contract services such as mowing, electrician visit, plumber visit - all cost the same regardless of the rent topline.

I know a lot of people use excel, but I'd prefer a true database program for better data integrity, scalability, and creating reports.I've searched the forums and looked in the BP files but nothing is coming up in the search (either I'm not searching right, or no one else is dumb enough to want to build their own database).

Seems that these are often ridiculously cheap - but I'm thinking the market knows more than I do and they are cheap for a reason.Churches are often beautiful buildings in great shape, but are very awkward to convert into a SFH or apartments.Schools tend to be large projects requiring significant resources to remodel into apartments or senior facility and can be either in decent shape or quite run down.Masonic halls are often very similar to commercial buildings but usually need a lot of rehab.Also many of the bargains are in economically depressed or low/no growth areas.But still the price on these can be so low that getting positive cashflow should be easy.And there may be LIHTC (low income housing tax credits) available - anyone managed to snag any of those?

If you drive the 4900 block of Cedar St you’ll see a beautiful 3 story victorian twin homes that have gone up in price over the past year and a half.West of 52nd in the Cobbs Creek area rehabbed homes have began to sell very quickly on the market as well as people have started flipping and putting homes on the market.There is a large amount of development projects planned in University City over the next ten years.

This is money you bring to closing, but not a true closing cost, since you would incur property taxes even if you didn't get a mortgage, and presumably would also want homeowner's insurance.$3500 left... ballpark $2k title/escrow, ballpark $1500 lender fees/appraisal, and we're at $7k.