One of the roomies gets a discount to be my eyes/ears and to show the place for me during turnovers.The only other thing is to make sure you follow the NC City or County law of the number of "unrelated individuals" living under the same roof - I don't know what it is here.Good luck.

I have actually been eyeing this same building. 

The ones that caught my eye here are transfer taxes and city/county stamps and state stamps.

Probably wouldn't work so well with people who have small children who want to keep a close eye on them at night.I'll try to get the layout sketched out and uploaded in the next few days.  

I am all for having two or three sets of eyes check out a property.

Or better yet, while you aggressively save, you can keep an eye out for good deals over the course of those 2 years and be ready to jump on another $100K property at a discount or a 200K property or really anything that your finances allow for.2. 

The few times I have gotten off the freeway for gas or a restaurant, I wasn't entirely impressed with what I saw, but again, I never ventured much further than freeway close.If you think you have a deal, you better get a good contractor to go through that house with a keen eye and a sharp pencil while you still have time left on your inspection period.

Seriously - two days ago, I kind of rolled my eyes every time Bob started in on someone about Cap Rates and their (lack of) understanding about them - but this analogy makes perfect sense to me.

I want to develop an eye for it.

But tenacity, and keeping my eye on the larger goal (early retirement with plenty of cash flow), has kept me in the game, and I'm glad I did.