We're now looking to take out conventional financing based on the equity we have to do a few things - pay off our existing private loan, fund some larger ticket renovation items (i.e.

Yeah, even with cash, you'd be far better off ROI just buying existing.

For example, there is a 2% or so transfer tax to be paid to the municipal and state governments.

Hi, I am using Turbo tax to file K1 form, the NC state tax is filed as non-resident alien.

Hello, I am writing to request any recommendations for great Property Management firms in the Greater Charlotte area.

Options may include traditional mortgages, private lenders, partnerships, or even self-directed IRAs.Calculate all potential costs including property acquisition, renovations, property management fees, taxes, and maintenance.Property Selection and Due Diligence:Use your local team to scout properties that match your investment criteria.Conduct thorough due diligence including property inspections, financial analysis, and reviewing rent comparables (rental rates in the area).Make Offers and Negotiate:Submit offers based on your research and due diligence.Negotiate terms that are favorable to your investment goals, taking into account potential repairs or improvements needed.Close the Deal:Once your offer is accepted, work with your local team to complete all necessary paperwork and close the transaction.Ensure all legal aspects are handled properly, including title searches and property inspections.Manage Property Remotely:Hire a reputable property management company to handle day-to-day operations such as tenant screenings, rent collection, maintenance, and emergency repairs.Establish clear communication channels and expectations with your property manager.Monitor and Adjust:Regularly review your investment performance and financial metrics (cash flow, occupancy rates, expenses).Stay informed about market trends and adjust your strategy as needed to optimize returns or mitigate risks.Long-Term Strategy and Growth:Evaluate opportunities for portfolio expansion or diversification in the same or different markets.Continuously educate yourself on real estate investing best practices and market dynamics to make informed decisions.By following these steps diligently and leveraging local expertise, you can effectively navigate the complexities of out-of-state real estate investing and build a successful portfolio over time. 

Maybe house hack a duplex to start off.

I invested in 11 of their projects, each with the same dollar amount as a way to diversify my real estate holdings.  8 of the projects paid off completely with an average annual return around 8.5-9%. 

I am also self employed and only have one year tax return non w 2 so I also did dscr loans for first few and then fix and hold loans.

I may be totally off here.