Unless the last tenant was paying 20% over market rent or the market you’re in is falling apart (if so, SELL!) 

Regardless of where it is it is very important to adhere to local regulations.

I bought it at a good enough price I knew I could simply turn around and put it back on the market and make a little profit How did you find this deal and how did you negotiate it?

As 2024 progresses, the multifamily market is showing signs of recovery.

How about marketing the property ?

That right there will set someone apart in the Detroit market, sadly.I can't speak to his PM business from a firsthand perspective as I've never had him manage any of my properties (I still self-manage). 

So, I've been reading and hearing about the market and future growth of NC.

You will absolutely want to talk with a local lender. 

@Derek Tuohy If you inherit the property as the sole owner, you'll receive a step-up in basis to the property's market value at the time of your mom's death, which would minimize capital gains taxes if you decide to sell.

This paragraph does not apply to any local law, ordinance, or regulation adopted on or before June 1, 2011.