I'd prefer to buy a duplex so that I can rent out one unit and rent a room in the unit I'd be living in, or buy a 3 bed 2 bath house and rent the extra rooms.

In order to accurately analyze a property you will need to know the size and number of beds and baths as well as what all needs to be done which is tough without being inside the house.

We are going to manage as Traveling nurses first since it is a 4/3 (good BR to Bath ratio) and 2nd garage.

Durham can be a little more hit or miss, but you can tell a lot from google street view as you're evaluating. 

Purchase price: $121,000 Cash invested: $25,000 Live in flip single family home, 3 bed/2 bath.

During the first year, I spent $250,000 of my money installing PEX and copper pipes in every unit, new drain pipes in the walls and under the building, new windows in never unit, remodeled 5 units, new sewer to the street, removed all the trees and plants and spent a fortune removing the lawns and installing concrete base and rocks and a lot more.So, I wasn't really enthused about owning this property because I thought I paid too much money and I did not care for the neighborhood.

Purchase price: $115,000 Cash invested: $17,250 5 Bed/3 Bath Single Family home built in 1988, specifically for the County Mental Health Department, as a group home for persons/adults with mental disabilities.

We have great colleges too-and prices around those colleges are decent, usually you can find a 3 bedroom 2 bath home below $200k near the University of Nebraska Medical Center, University of Nebraska Omaha, and Creighton University.

I would tell them in a written letter that rent in that area for a house of same size, beds and baths.

Much better than the Wall Street average.