We purchased this property off-market with no realtor, saving on commission fees.

Additionally, which markets are currently favorable for starting out in real estate investment?

Overall I have had a very predictable and overall positive experience investing with them across a few different markets for years. 

I can’t speak much about NC’s market, but if you’re struggling to find the right deal locally, consider exploring other markets.

I’d like to diversify into another market in the near future - so we may be looking again in Montgomery.

Markets swing.

Off market preferred.  

Utilizing Seth's local market expertise, we quickly assessed the property's potential.

If you are planning on buying it with a smaller down payment, that will also increase your mortgage costs as you are borrowing more and also need mortgage insurance.The price of the home (from the seller's perspective) is based on market value and condition, not on whether or not it matches the 1% rule.   

Sold for 155k, my investor plans on doing some light cosmetic updates to bring this back to life and get it on the market for rent asap.