@Sam WishIt's going to be hard for many here to provide meaningful feedback as you seem to be framing the issue appropriately. 

I made some mistakes on the first one, and now know how to position and deal with city inspectors for the next ones so they go much smoother.  

ideally a 1st position lien.- Tom

Would love some feedback! 

We are in very similar positions regarding investing and goals, hope to keep in contact with you going forward and grow along the same lines.

@James Call Thanks Im pumped and nervous about doing this first one so it great to get your feed back.

Also, any good meet ups in Charlotte for someone in my position?

What details aren't you sharing, and/or what has been the feedback that your listing agent got?

That is if the $26k you are putting in from the beginning doesn't totally strap you for cash.Also, and this is a personal thing which may not be true for you, I always want the numbers to cash flow positive after including property management in the calculations.Good luck.

The key factor, you being the negotiator, if you feel strong in this position and if you do not. reach out to a real estate investor and negotiate a percentage you are willing to provide for their service.