A lot of times you get under contract for a spec home and the financing is based on that specific day.

Specifically, the areas near Wake Forest Medical School and Wake Forest Baptist Medical Center have attracted investors, as students are seeking rentals during residency.Favorable Tax Laws:  North Carolina boasts relatively low tax rates compared to many other states, with property taxes averaging at 0.70%, which is below the national average.

@William Coet, there is a lot going on with this potential scenario and I want to second the other advice being given here -- tread very lightly with specific tax advice for specific transactions, especially with seller financing. 

@Kyle M.I was open to Decatur but heard there were environmental issues given the city’s industrial history.

Specifically wondering if they award the FMR listed on the HUD site, if there is an abundant applicant pool, and if the housing authority is responsive. 

On the other hand, STRs present higher income potential, flexibility in pricing, and potential tax advantages, but require active management, adherence to regulations, and may entail unpredictable income.

Again, other might feel differently here.b) Skin in the game: as a conservative investor, I understand that the dirty secret of industries that the waterfall compensation is in the line with me and incentivizes sponsors to take more risk.

Find ways of financing your project in addition to evaluating its relevance based on what you earn.Be aware of the dangers involved in investing in the real estate industry.

Not that regular rentals are getting any easier, but there is not a massive push to shut them down via regulations.

I just retired from the military, and REI (specifically MHP's) is now one of the main things I am focused on as I move forward in my life.