He'd have to file Form 709, but the gift exemption level right now is substantial.

Clearly, we'll be dropping the rent price substantially, but I'm unsure of what is a going rate at this point in time. 

We would have substantial equity if it closes and have been working on the deal for months.

If you’re set on Raleigh, the southeast side is seeing a lot of of gentrification, so if you’re willing to do a substantial remodel there are some opportunities there - but there is a lot of competition for these properties.

Our success in the Raleigh/Durham market (as well as the Fayettveille and more recently Columbus, OH markets) has only been possible through the team we have assembled in those markets, and that team is largely influenced by our PM on the ground. 

How to win friends and influence people2. 

There is also a fairly substantial start up cost to getting your license.

About a year before you’re ready to purchase, pay down any monthly recurring debt that could be considered substantial in comparison to your income. 

One as a landlord wants to safeguard his property after making substantial investment and the tenant wants to get the best bang for his buck and this more often than not turns out into a cat and mouse game between the tenant and landlord.

I know nobody can know if/when a housing market correction will come along, and this general area has seen substantial home value appreciation for 10+ years now.