Thank you Julie Chenery I will defiantly check that website out.Tim Priebe thank you for the link i will have to check it out.Jim Bowser I defiantly will meet with an attorney and my accountant before I start at this time I am trying to get my marketing strategies lined up and I want to make sure all the names are owned by me so that once I finalize the direction and specific purpose of the company I can roll it all out and I will not have to worry about names not matching.

Investing in a MSA with a small population IS significantly more risky than investing one with a large growing population and job growth. 

Be ready with your knowledge of that property from what you found on the auditor's website -- from looking at pictures and reading the property information. 

Strong lease agreements and excellent tenant screening can help minimize risk and since you will likely be close, you can keep an eye on it.

It's good risk management to have the 30-year mortgage and the flexibility in case your rents ever go down, or you have a really large capital expense (e.g. you have to replace an entire HVAC system).Lastly, seek out a portfolio lender (a.k.a. balance sheet lender).  

You can also check HUD's website as I believe they list lenders in your area.

I looked over your info and website and it seems you are staying very active.  

Labor is cheaper (in Eastern NC compared with a large city) but materials cost mostly the same anywhere in NC.  

I came across this website/podcasts through a friend who was surprised I had never heard of it given my interest in real estate. 

I looked at their website and noticed that they only say it is free for property managers / landlords.