There are both FHA and conventional loans available which allow you to finance renovation costs. 

It will not allow me to post her contact info - but if you google Remax Elite Services on Broadway (Grove City) and ask for Emily (or Frank, her associate) - they should be able to chat with you.

South Carolina Investors:Does anyone know of any South Carolina banks that will allow subordinate financing on investment property (residential or multi-family)? 

I've purchased my first three on my own, but am definitely going to be partnering on some individual deals for sure to allow me to be able to do more. 

I'm not sure how other banks handle that but mine allowed me to do whatever I wanted. 

Because your principle and interest payment is probably hovering around $2,800/month, not including property taxes and insurance, maintenance and any allowance for capex.But forgetting about cashflow, your return, even if had NO expenses or payments of any kind would be around 3.6% based on a valuation of $1.3m.  

On the surface positive cash flow of $215/month on a SFH is not bad but the bigger question is can you increase the profits at all.

I want to find real estate valued at $260K or more to make a 1031 work when I sell a current property a few months from now, so a few different properties to buy at once.Not looking for turnkey that sells at retail prices, but for properties I can build  25% + appreciation into with rehabbing that will allow me to refinance latter on to follow the BRRRR strategy.

I have a lease created by an NC Attorney; however, I've also made use of the NC Lease offered by: https://www.ezlandlordforms.com - which does allow each addendum you mentioned and reports to be NC Law specific.

He goes to the Madison REIA when time allows but if you'd like sometime we could meet up for coffee to answer any immediate questions about getting started.Let us know how we can help.