Like most markets, there is a growing trend in the area due to affordability and increasing more things to do. 

Repairs ($5k): Increase to $10k for unexpected issues in a 4,000+ sq. ft. property.Total reno costs will likely fall between $180k-$210k, not $145k.

That helps some...but your variable expenses also go up too - property insurance & taxes - so a lot of your rent increases go to offset rising variable expenses.I started at the age of 47 in 2018 and we bought properties fast and furious - 12 the first year, 10 the next, and 9 in 2021 and currently have 38 properties. 

I like the cash flow and see the potential for increasing rents, but I’m hesitant about overpaying.

With increased competition, renters are opting for homes that offer better value, updated features, and overall appeal.Final ThoughtsThis market shift is a wake-up call for investors and property owners in Charlotte.

I am really thinking about how I can level up and increase my impact on society and have that translate into active income.cheers yall!

The shorter the prepayment term has an impact on increasing the rate.4.

If you acquire one new property each year, you could significantly increase your wealth and potentially position yourself to qualify for larger investments, like apartment buildings or construction loans, within 10 years.I’ve worked with clients who have successfully implemented this strategy, and it has proven to be an effective path to building long-term financial freedom through real estate.Good luck with your decision!

Much of it based on defense spending that will likely increase as assets are moved from Colorado to Alabama to include the Space Command HQ.

That sounds like massive renos (ie new floors, painting...).Yes as you acquire more properties, the chances of having multiple vacancies (no matter how leases are staggered) increases.