.:   My followup question:   With the 2018 tax law changes, if the refinanced capital pulled out were used for some consumer/non-investment purposes, then is the interest expense on the new loan still tax deductible against the property's income?   

This leads me to believe that I'm looking at this situation wrong and/or talking to the wrong people b/c while there's risk here comps in the neighborhood should support a healthy ARV (but I lack knowledge and experience to prove that assumption).What am I missing?  

If you are considering that property include a healthy budget for vacancy and maintenance.  

Better than a 50% chance that long term consumer debt (eg, mortgage) rates will go up should the fed announce that short term interbank debt (eg, the "fed rate") is going down.

Basically, the expectation that a purely retail FTHB "American Consumer" is going to just find something on the MLS at full retail market price, find a GC and pay the full retail market price for their services, full retail price for all materials, and all that, is completely out of whack.

People want to be able to walk to things. 07 is about the size of a postage stamp and if the Publix ever comes and Healthy Town ever comes, that place will be desirable, but too many questions right now.

I had seen rates as low as 15%.Just be warned that as any traditional rental property can quickly become a full time job, AirBnb management can become so much more time consuming...

It likely varies by market and how competitive the rental market is, but with all the new apartments being built and large public companies buying and renovating to rent homes in the Charlotte market, renters demand top conditions in the homes they are looking at and if you provide them and the resident is properly screened, you can get a renter that will stay for a few years and it will make for a very happy and healthy resident/landlord relationship.

I had a great deal last month that we wrote a wholesale contract on for $33k, ARV $135k - $150k, we added $12k as an assignment fee which is healthy and flipped it to a new investor who saw our deal in a facebook group ( we did not know him).

I would do all of this before you buy anything.Also, your initial short term plan, as described, will probably the most expensive, most time consuming, and longest to complete potential plan you can choose....and, don't do your own rehab.