Basically I'll need to figure out a way to raise the ceiling in the living, dining, and kitchen.

I would personally not post something that basically acknowledged I knowingly moved forward with structural work without a permit and knew it was the wrong process and trying to hide it from the city.

. :)That just illustrates to me a fundamental lack of understanding of running a business, actual times involved, actual costs involved. 

So basically the advice is "don't worry about it"?

Purchase price: $55,000 Basic 3/2 SFR in a mature, entry-level neighborhood What made you interested in investing in this type of deal?

It might not be easy finding a "good deal" in your range, but there are a lot of properties that support your model, basically rowhomes shared with other students or young professionals.Keep us posted.

Account Closed I'm new to this game and have basically zero experience, but I did stay at a Holiday Inn Express last night so....I've been doing a bunch of research on the long term population and economic trends of all the major metro areas and I have to say that Raleigh's profile is stellar.

Basically learning how to find what makes a property valuable. :) Can I be included in the group .

@Bryan Thomas IF properly maintained, slate lasts a long time...it's stone...the one thing to be aware of is that slate roofs are not "decked"...they use a series of wooden slats that the slate basically rests on.

If you can reduce the Heloc payment with own capital etc you increase your cash flow even more, but remember if you are using 100% Heloc you are basically buying this house with none of your own money, so your ROI is infinite.