While our markets are high in VA right now, we can achieve way close to the 1% rule than that - especially in a poor performing school district. 

Being IT background myself I would have separated / sub-netted each floor for performance and security but that may be overkill in this instance.

To perform a 1031 exchange, you must use the profits from the sale of one of your properties to purchase another property (or properties) of equal or greater value within 180 days or before the due date of your taxes, whichever comes first.Partner With Other Real Estate Investors: To lessen your financial burden, you can partner with other real estate investors.

Honestly, I'm not convinced you're going to get the sellers to drop from $215K to $160K, but if you can, you'd probably be better off wholesaling this deal to a more experienced local investor and then shadowing them as they perform the renovation and resale!

Pay the bill and bill the tenant, it is a violation of a standard NC lease for the tenant to hire a contractor to perform a service to the premises without your knowledge or permission.

Landlords need to perform background checks on their potential tenants, verify income and employment before renting their apartments.

Learn moreOn our end, we’ll give you access to tools and resources you'll need to uphold these standards, which you can find in the cleaning section of your Performance tab.Thanks for being our partner, and for everything you do to support the Airbnb community.Get startedCOVID-19 safety practicesWe’ll continue to update these requirements as the science evolves.

I'd diversify as much as possible. 1031 exchange some of your lower performance commercial.

There's this big house, beautiful area, nothing is owned, clear title.

Just beautiful!