That's awesome Russ Scheider you are a very active real estate investor in the low country so I'm not surprised at all.

The Realtor should have in his flyer the P&L based on actual not projections, the square footage, pictures of the property from across the street and inside, and a rent roll that breaks down of number of units and type of units, and how many are rented out. 

I have a student rental across the street from biggest U in CLT.

Since if they activated the rate rise, it start over on the new principal amount, raising it 2% instead of 3% still guarantees my payments go down instead of up.My other lender is a local credit union and they offer 15 year fixed notes.

The resolution calls on the city manager to launch an educational campaign including:Best practices regarding educational and marketing campaign strategiesOutreach activities in areas where populations at risk are being targetedPotentially include a hotline to refer homeowners to a “Real Estate Agent List” and a list of legal resourcesA campaign work plan that includes a timeline for implementation and identification of both public and private funding options and potential partnerships

My listing on the MLS will change to active/contingent if I go under contract with my current offer.What would you do?

Typically if the parks are kept in good shape and you pro-actively build a relationship with zoning/dept of health you should see fewer issues. 

You're picking a great time to move here - lots of activity going on.

So you are essentially looking at 1500 a unit for a 3bd- 1200 a year for insurance seems low, to be honest- unless you got a quote for this prop 2160 a year seems low for taxes 1200 for lawn/snow a year is high... this winter was bad, and it also depends on if you have a driveway etc or just street parking Closing costs- you can get a good faith estimate from your lender- they may be a bit higher Also, you want to consider if you would be inheriting tenants.. or if they are way below market rent, 

I would be living under the same roof, different unit.Property numbers that I've thought about:Listed price: $79,0003 units (currently renting at $425, $450, landlord/$0) - month-to-monthRight across from school, in a Class C neighborhood, street on nicely kept residential with regular police presence, but sketchy loan places within 5 minutes and crime map is full of "disorders".House built mid-1800sMonthly ExpensesTax -- $138.75Insurance -- $62.50Utilities --$60.00 (split with girlfriend)HOA -- $0Vacancy -- $60.00 (5% of the time or unless I really mess up Valentine's Day)Repairs (cleaning) -- $100.00CapEx (replacements) -- $100.00Prop.