I know without a doubt that the ARV would be high (well kept houses go for 500k or so in the area) but my realtor thought that unless they were selling it for 20k, the reno costs would be too much to possibly break even.I reached out to an investor-friendly realtor locally to see if they can help guide my thinking here.

Those are relatively high lot rents though so probably not much upside.

Hey guys,I`m looking for buy&hold single home properties, using budget of 150K at most for a property, in Greensboro/High Point area.What are the recommended neighborhoods to research?

I'm 17 years old, I've graduated high school and currently doing an accelerated college degree. in the meantime I'm working a full time job/ a few side Hustles and a budding business.

I’m just wondering if 12k is a bit high?

Always just assumed the cost of entry was too high.

I'll be offering a high interest rate for just the funds being available to me, even though I'll never need to draw a penny of it.

I have had an interest in rental properties for quite some time, but I am nervous and still feel unprepared to own/manage being a high quality landlord.

The problems I see are:Rent is a low percentage of the house value, so not optimal use of this equity/capital.Property taxes are high due to the higher house valueMy costs would be a baseline of $2700+800 = $3500 plus maintenance, unoccupancy, etc. so basically breaking even cash flow for 12 yearsIf/when we sell it, we'll owe capital gains tax since we wouldn't have a "new" house to 1031 into.

I am also thinking about investing out of state since home prices are pretty high in NJ, and it seems finding cash flow is a bit tough around here.