As a background, I have a well-paying job and am not in immediate need of cash.

@Timothy Lin  The idea of the 1031 exchange benefit is to allow investors to use the capital gains tax they would otherwise have to pay when selling their investment property, And keep the profit from the deferred tax in their pocket.You get to indefinitely defer it into any type of real estate that that might meet your needs better. 

@Zach MckinnisMaybe a DSCR - but many lenders would turn this borrower away because of the low credit score - which shows their inability to pay their debts. - along with inconsistent incomeTo be honest this person should not be investing in real estate and focus their time and energy on getting a stable w2 or income and get their credit cleaned up first

I'm looking to buy a house in Raleigh, North Carolina, and I wanted to figure out all the monthly expenses, including utilities, that I'll have to pay for when owning a home.Below is a list of monthly expenses I've identified so far.

In short, if you're not renting every week of July-August and every weekend of the winter, you're taking losses, particularly given the ridiculous prices I'm seeing new investors pay farther north in vacation areas like North Conway or the White Mountains.And looking solely at North Conway's recent court case is a red herring: plenty of small towns around the NH continue to enact knee-jerk reactions and excessive permitting/regulations as a reaction to STRs assumed role raising housing prices and shrinking supply for local residents.

Have not yet started renovation but do have plans.

I have been self-managing my other property for the past decade, with the caveat of it being 30 miles from where I live.Now, I plan to do so with this property, albeit from a distance of 200 odd miles.

Thinking of approaching investors in hopes of the following. 1) investor pays for demo of my current home + build of new townhouse.

@Albert Johnson It is customary in my area that if two units share electrical the landlord pays the bill not one of the tenants.

In Barcelona it would only still be possible if you buy a property that already holds a license however you pay quite a lot more for them.