It was not producing a return that justified the effort and this was a purchase made prior to the recent rate hikes and the crazy appreciation from 2012 to 2022 (so its return was better than if the property was purchased today).I do believe a local investor should do better than an OOS investor, but it starts with accurate/realistic under writing.  

Make sure the space meets local building codes and safety standards.Market Research: Research rental prices in your area to determine how much you can charge for the basement apartment.

Here are some tips to help you make an informed decision:Research the Market Before Making a DecisionIt is important to research the local real estate market before investing in a property.

Code § 10139Any person acting as a real estate broker, real estate salesperson, or mortgage loan originator without a license or license endorsement, or who advertises using words indicating that he or she is a real estate broker, real estate salesperson, or mortgage loan originator without being so licensed or without having obtained a license endorsement, shall be guilty of a public offense punishable by a fine not exceeding twenty thousand dollars ($20,000), or by imprisonment in the county jail for a term not to exceed six months, or by both fine and imprisonment…

Find out about investment meetups and groups in your local area, and find out if there are any players that bring in partners.

Just search for that term, get plugged into local real estate groups in your area, and seek out training or an instructor on that subject.  

Just another “illegal taking” my your local government.

Unlike some states, North Carolina does not impose a state property tax, leaving the determination of tax rates to local governments.

I have develop my own strategy locally :) for hyper active investment lolnothing wrong with Wisconsin , it is just has been a good run with mission accomplished

My own cash, local community banks, & hard money.