@Patrick Menefee, I'm in Charlotte as well sir and I can definitely see where your frustration is coming from as to trying to find a solid property that meets the 1% rule.

If they sell you a property and then sign you off to a third-party PM, that's another team you need to vet, and means the TK company has less skin in the game (ie once you close, their work is done).They should have solid, data-backed answers to your questions at-the-ready.

Less cost to enter the market, less demanding tenants (if you screen them correctly), and more opportunity for value add which is critical to generating solid cash flow. 

It sounds like you've got a solid system sorted out. 

With my finances around 1,000 in savings and yearly income at 66,000, solid credit score with very minimal credit card debt.

Purchase price: $145,000 Cash invested: $50,000Good solid home, needed a bit of work, added 1 bathroom & mud roomWhat made you interested in investing in this type of deal?

Also in regards to flipping - make sure you have a very SOLID team in place.

Hey BP Cleveland!I am looking for recommendations for great accountants in the Cleveland area that specialize in real estate. Especially accountants that know how to handle fix n' flip business finances, taxes, and id...

There is evidence that the chimney may have rotated (leaned).

@Vicki DeWan  If the seller is firm on the one year, make sure you have a solid exit strategy in place.