And another, in some states now, you have to disclose, in writing to the seller, that you are not the end buyer or be fined with a hefty fine.These may get glossed over by the "community" but they are starting to be cracked down on in a bunch of states.

The more research I do on Raleigh and the triangle area in general, the more I believe it could be one of the hottest housing markets over the next 10 years.

Anything over 30 days is considered a long term rental, so you will need a lease, do background checks like you would with a LTR.You could do well with that strategy. 

If you are interested or just curious, shoot me a message and I'd love to chat over the phone.

Hi Aaron,Happy to clear your concerns regarding the DSCR financing.

Over the years I have had great success turning properties like the one you are describing into luxury lofts part of the second floor unit. 

I recommend buying a fixer in Denver, do a live in flip over two years, make six figures tax free, and repeat. 

After analyzing over 1,300 active single family homes in Reno, Nevada we found that the majority of homes cash flow around a 4% cap rate, with outliers in the 5s and even some at 6%.A cap rate is a measure of a property's investment potential, calculated by dividing the property's net operating income (NOI) by its purchase price.

I would love some advice on trying to navigate this if anyone has purchased a property like this before and wanted to know what are the major things I need to be concerned about.

My biggest pain point has been not knowing all the little things that could have helped me out if I put them in the lease that would have helped me snip some of my problems in the butt and for context I am a roockie with only one rental property Tenants will not move in with out all utilities in their name When tenants move out they will sign a move out form for all damages if any over a reasonable amount Tenant will not hang fie traps out side of home those are just personal examples of some of my issues with my one tenant so what would be really help full is some of the little things that you dont even know that you dont know