However, I’m not sure how to determine if it’s truly a good place to focus on.

I’m on the verge of purchasing my first property in Winston-Salem, NC, and I’m reaching out to tap into the wealth of knowledge this community offers.

You have to refinance your first home and do FHA on your second one.

I’d appreciate any advice on getting started, local meetups (I’m outside of Atlanta, zip 30152), or tips to navigate this journey.

More on that later2.

@Michael CliffordRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

We're looking to renovate something before the end of the year to accomplish 2 things: 1) Improve home value so we can get appraisal, refinance and leverage that to buy a new property. 2) Take advantage of the tax credits that are out there in 2024 before the new year or is it better to wait until 2025 and just hold onto the cash I have at hand.Here is a list of renovations that will need to be done eventually:*Brand new basement kitchen (cabinets + add seating area - we already have brand new dishwasher, fridge, gas oven)*New standing shower in the basement bathroom*New Siding*AC/Furnace for unit 1 are close to end of life but still functioning*New Fence/landscaping*New Windows for the basement*New Garage (unstable, concrete shifting, very old)*Solar Panels on the roof (There is a $0 down payment lease option w/ sunrun, but I'm hesitant to move forward)*Renovate master bedroom closet for tenants (it is old & has built in entertainment center that is very dated)*Repair Catch basin*Adding better drainage system for back door.Greatly appreciate any help, insight or advice!

That would be depend on how much cashflow you can generate from your primary as a rental versus what an apartment will cost you.

fair return methodology used must be “concerned with the financial integrity of the businessas a whole, not the ability to obtain a return on a discrete portion of the business.”MNOI presumes that the rents Landlords chose to charge, in a year free fromthe idea of rent control, provided Landlords a fair return on their investment,as the rents that were charged were based on general market conditions, andnot the upward pressure that policy discussions of rent control may have onthe market.

So I've been looking at this LIHTC stuff for a few years on and off.