Investment Info:

Single-family residence buy & hold investment.

Purchase price: $62,000

Cash invested: $62,000

After some minor rehab looking to begin renting to section 8 tenants. This is our fi...

Including Single family, multi family, commercial, vacant, tear downs etc.

There is a single rental house in the LLC. 

Consider single-family homes as an alternative if a duplex doesn't meet your criteria.Condos or Townhomes: Condos or townhomes can be a low-maintenance option for both living and investment purposes.

Since most houses are older pretty much every single one fails their test and the seller is then required to replace the line.  

Turn key providers are a good one stop shop option, if they are being honest and transparent about the marketplace you are looking into and the product they are selling (pros and cons, etc).

I understand that it is a big difference between residential single family or multifamily to that of a commercial scale rental.

I haven’t bought my first property just yet, but I was wondering if $35,000 is enough to start buying a small single-family home in North Carolina.

Also, you should be focused on constuction lenders who offer best leverage (usually those who will capitalize interest reserve &  finance a portion of the soft costs), lower floors on the rate since most banks tie their construction debt pricing to the fed rate, perhaps offer lower or no pre-payment penalty if the property reaches the permanent financing phase of the loan product before you are able to refinance and low or no required depository relationship outside of the actual operating ccount.

We own a single family in PA and a multi-family in Albany, NY.