After that, I turned it into a rental and had it rented for 3 years before selling it.

My current plan is to buy 1-2 single family homes to rent out per year, and then eventually move out of my current home to rent out as well, once I find my forever home. 

Hey @Anita Zuniga, take some time and hit up AirBNB and VRBO and see what is renting in the area.

George, never accept partial payment of rent.

I have been renting my basement apartment for 2 years now and avg $1700/mo.

The RTP area, comprising cities like Raleigh, Durham, and Cary, is an attractive option for several reasons:Strong job market and population growth, driven by the tech, research, and education sectors, ensuring consistent rental demand.More affordable home prices compared to Charlotte, allowing for better cash flow from rental income.Areas like Cary, Apex, and parts of Raleigh have newer construction townhomes/condos that fit your criteria.Potential for long-term equity growth, as the region is seeing steady appreciation.Some recommended areas to consider near RTP:Cary (especially newer developments like Amberly)ApexNorth RaleighDurham (for slightly lower prices)Charlotte is also a solid option, though it may be more expensive:Strong financial/banking sector driving job and population growth.Higher home prices but potentially higher rents as well.Newer townhome/condo developments in areas like Ballantyne, University City, and South End.Robust long-term equity growth potential, but higher entry costs.

A DSCR loan is underwritten based off of the applicants credit and an appraisal rent schedule. 

I bought this property from a company that buys distressed properties, rehabs them to prepare them for rent, and then sells them to a buyer.

fully rented with great cashflow Lessons learned?

It's a 4 bed 1 bath and I'm open to either renting it or selling it (if I'm offered a price around the ARV).