It sounds as if he's operating like a short term rental.Also if the units are being rented weekly how on Earth is a tenant several months behind?

Here's a paragraph I sent to the city planning office in regards to the one-STR limit: "I also wish to reinforce a second concern which I heard someone else bring up to you after the meeting, which is that many owners and hosts (myself included) are operating two STR spaces on one lot.

Respond to their letter and learn as much about how they operate as you can.

I use the income generated from the new property to pay it down, and then completely eradicate what’s left using a cashout refi on the new property (once I've owned it long enough to do so).

During this time period, 31% of the calls were placed and resulted in 53% of all appointments/referrals generated.

I have a nice job with a real estate company and, although real estate investing has never been something I considered, I just started to as of late.IDEAL NICHE:  At the present moment, I would like to invest in vacant land only and resell it on terms using seller financing to generate a positive cash flow. 

I'm newly licensed in NC, and as such have been receiving quite a bit of solicitation from "lead generation" companies and apps.

I'll try to answer a few of your questions, but I am speaking from book knowledge (and evaluating a LOT of deals), not experience from operating them.

This is a great topic, I am currently targeted to complete 10 flips this year, and as a licenses agent, I am also in the process of getting a Contractors License and operation my own crews; huge efficiency and profits here.

We want the properties generating cash flow from the start, therefore not interesting in gut renovation projects at this moment.