The Triad area in NC is an exciting market, and it’s fantastic that you’re embracing long-distance investing—especially after listening to the BP podcasts for inspiration.

Please do not act as an unlicensed manager, it will only result in issues for both you and your friend.

It’s in a great market & neighborhood.

Only do this if you'll be staying in the house for a long time.

I have only had one person interested.

They own an interest in an entity that owns real estate.Option1.

Get the inspection report and check comparable properties quickly for condition and then go to the seller with your proposed reductions and be able to point out condition-comparable properties in keeping with your proposed price reduction.

There really isn't enough information here for someone to give you a proper answer.What you need to do is calculate those tax savings over the next 5-7 years (or however long you plan to stay in the house) vs. what the interest rate reduction will save you over that time period.

Always looking to meet new folks in the space.  

What made you interested in investing in this type of deal?