The 5% is more of an industry rule of thumb, 10% is what I try to do, but I am more conservative and don't take any Distributions or Draws from my Real Estate.

The real question is can your sales support the rent? 

We have used Yardi that turned into Breeze (yuk) and now looking at Real Page that looks great but no cost info yet. 

This assumes the market rent for the unit I will be moving into.My goals from entering real estate are 1. add diversification in my investments (right now heavily invested in stocks) and 2. house hack, so that tenants pay part of the mortgageIn my current market, I have two options: a. buy older houses, renovate, bring the rent to market --> this will cashflow, but needs a lot of time investment which I don't haveb. buy turnkey properties: --> renovated and already occupied by tenants but may not be cash flow positive.I found a property that's type B.

I lived in it for a few years but during that time I wanted to get into real-estate investing.

I live in Truckee and sell real estate in both CA & NV.

We may not be local to NC but we DO lend in the area, we'd love to be a part of your real estate journey.

It wasn't the real estate.

Real Estate investing is a long journey not a "get rich quick  phenomenon. 

I'm Emily from the Urbana/Champaign Illinois area, passionate about real estate investing for the past couple of years - passively, and the past 5 months or so - actively.