We expect you to be equally committed and, to that end, ask that you bring some money to the closing table.

Something to think about is that you may have unforeseen costs, holding costs and additional closing costs on the refinancing. 

When it came time to to buy and close on the home the management company had compiled 4 yrs of payment history that was reported to credit bureaus and had all ready reported the prepaid 10k down to the seller too.

With all that said after closing costs, origination / underwriting fees, etc. if seem very difficult to get things moving along.

Mobile notaries/ any sellers using their own notaries to sign closing docs shouldn’t be allowed anymore. 

Hi Claude,I just closed on a 3 family in Newark, and went through the process of registering the units with the rent control office.

They didn't even require an appraisal in my case. zero closing costs.

RDU is a great market for appreciation, my focus is to get close to breakeven, make it sustainable, and ride that wave, eventually cashflow with future refi(s) and or by using value add strategies.

If you’re willing to stay 2, 3, 4 years then you’re closing that cash flow gap quickly. 

Try to meet a local real estate agent, investor-friendly, who is close to your age.