Buying more property 10 to 15 years ago.

Has anyone found success in turning your primary residence into a rental, buying a new primary with 3-5% down and repeating each year?

Welcome to BP.

If we were to split like this on our current development, our engineers would collect 25 to 35 times as much as we paid them on a straight up fixed cost contract. 

However, you'll likely only be able to go up a single story unless you reinforce the existing foundation to hold a second story on top.

I wanted to have a spot to rent out and cover the monthly mortgage payments while securing a small spot to have for myself in the next 30 years for when I no longer reside in Charlotte but want to visit friends, or downsize.

My wife and I recently moved to Lynchburg, VA for work and will be living here for approximately a year and a half.

I am trying my best to take everything into account, but there is no doubt things I don't know.

I only had one month to sell it before my hard money loan expired.

This will give you a base for what you need to put in to get the best value out of your properties when you are checking ARV and getting the sales price you want along with selling quickly.