It sounds like you are basing your assumptions off statements from a third party. 

what you need to investigate further is future appreciation estimate based on zillow home index.

Possible to check out the Montrose area, it's safer but not that safe but way more appreciation-based.

Often, I'll take a walk through Old Salem, and grab a coffee at Anchor Coffee Co.That being said, if you are open to having a property manager based in the Triangle, then I would be happy to have a conversation.

You are building a business and you can bring in some SERIOUS revenue but in the eyes of your conventional lender and banker, you will still have a tough time purchasing assets based on income based on leases and contracts.

Based on a rough analysis for a project timeline, I believe the total project can be completed in 5-7 months with the team I have available if we get involved in completing the work on the project.Deal Analysis as a whole - Actual Costs may be slightly different but estimates should be fairly closePost Construction Estimated Market Value - Lot 1: $379,000 Lot 2: $307,000 Total Estimated Market Value $686,000+- $102,000 - Cost to payoff HML & Previous Builder- $154,800 - Estimated Cost to complete House #1- $170,370 - Estimated Cost to complete House #2: Includes New Well/Septic $7500, Impact Fees $2100, Permits $1000= $427,170 - Estimated Cost to Payoff HML, Complete Construction on House #1, and Construct House #2+ $686,000 - Total Future Market Value- $20,580 - 3% Buyer Agent commissions as the current owner(Listing Agent) will be listing these properties without compensation- $2,538 - Real Estate Transfer Taxes- $1,500 - Settlement Costs Paid at Closing______________________________________________ $234,212- $27,900 - Payment to Seller for Down Payment made by seller to HML @ Origination (For her to break even)= $206,312 - Potential Return before any Interest/Fees/Taxes/EtcROI: 45.3%RoR: 68.9% PM: 30.07% Acquisition/Exit: 8 MonthsI've spoken to a few HM Lenders and ran rough numbers by them.

Your price range is always based on your personal financial situation.

As you move up the risk spectrum, the projected returns should be higher, but you need to understand there is more volatility in the ability to achieve that return, meaning: a value-add deal with some vacancy, 3rd-4th generation space, more local tenants, should project a higher return than a new construction, national credit tenant base property, because there is more tenant risk, physical condition and obsolescence risk, vacancy and lease up risk, potentially retail corridor risk, etc.  

Also, I would love to connect with you as I am also based in NYC!

That doesn't mean a mentor isn't good, it just means the ones they followed didn't work for them.Here are the three most important knowledge bases you have to learn to be successful:1 - Market analysis, not property, market.