I’d rather spend the time in my area of expertise (software) where I can earn more money per time spent with far less risk.I’m not trying to make a living off of real estate – it’s more to park cash in a tax-efficient vehicle and remove the temptation to spend it on luxury items (let's be honest, I'm not as frugal as many of you ;-) ).

The seller I found only sold "park" model homes.

Im perhaps looking to start with one property (250-350k max) in any of the high potential areas (which also have low cost of living so that my 2.5k income model works as I will move to that place) and manage the property myself.

My calc says about 45% has to be Cap Gain, but the debate then turns to how good is my model and did I select the correct inputs (future tax rates). 

Read here on BP about the live in flip model.

Just having cameras will likely reduce issues even if they are the cheapo models.

However, it does require you underwrite them into the business model (many people don't do that).  

With a family partnership and multiple assets, you also need trust/estate planning expertise from your CPA.

My next few business purchases were all with no industry expertise where I just jumped into it. 

Hi all - I'm curious if anyone in Greensboro, NC or in any other major NC cities (Raleigh, Winston-Salem, Greenville, Wilmington, Asheville, Charlotte) has done a rent by the room model?