I recently sold my rental property and now have $125,000 available for investment.

Hi @Barry Randall, being creative by applying room renting will definitely boost your rental income.

You will probably have a little more price flexibility if you're looking to hold and rent the home, as rehab costs will be considerably lower on a rental as opposed to a retail (flip).

I'm new to rental property.

If it is $50 a month, you'll obviously recoup that with additional rentals pretty easily.  

I like the BRRRR method and think I can use that strategy now with the 1 rental property I have. 

Hello,I'm a complete newbie to rentals and anything landlord related.

Whether it says Passive LP, creative financing, fix and flipping, notes, Short Term Rentals, seller financing  etc - I am at the bottom - I can scream no but I far too often hear stories of people quitting their job to pursue real estate and then end up very unsuccessful. 

I use my other LLC credit card as needed when I buy for my rentals.

This would be my first rental in NC.