This is supported by search trends by terms like "affordable apartments Fayetteville NC" and "houses for rent under $500 in Fayetteville NC" suggesting a high demand for cost-effective living arrangements.

I would do nothing with it right now as the cost to borrow it is too expensive and real estate returns have been compressed.

So having said all that, properties that attract high quality tenants (location, location, location) cost more and have lower returns.

Circumstance of needing a place to live with the intent of selling for a profit mitigating costs How did you find this deal and how did you negotiate it?

Looking at April 2022, the Federal Funds effective rate was 0.33% while mortgage rates were about 4.75%.

Or a $500K property with a rehab budget of $200K and $35K for carrying costs and an ARV of $1M.

I got a structural engineer to look at the house and he said I would need to take out the floors from the top down redoing all the floors and most of the crawlspace and that would likely cost about 20k.

Take the selling price $750k, deduct selling costs ($50k?)

I have qualified dividend income from several of these and the legislation I've seen effectively say that 'income from a K1 is viewed as qualified income'. 

I have been trying to gather as much information as possible and make sure that I don't make any costly mistakes right off the bat.