If you get something in appreciating market, like the Bay Area, and you hold on to it for a long time you will see the value of your property rise, but the property taxes stay very low because of prop 13.  

Several of us on this thread are no doubt picturing a very confused expression on a low-life's face who was expecting 90 days of rent free living. 

I used the cash to pay off the final bit of my credit card debt to improve my credit score even more (it's currently at a low 700) so I can qualify for lower interest rates.  

I am looking to make some connections and offer a helping hand to any professionals looking for someone to tackle low hanging fruit with the intention of sharing some wisdom. .Contact me or guide me to any local events.

Pros- It has good schools, is very stable and has a low crime rate.

I have over 11 years of marketing experience developing marketing campaigns with big brands like Verizon Wireless and Qualcomm, 6 years of event production experience and over 11 years as an entrepreneur and small business coach. 

Wilmington, NC is not a low priced market.  

Im researching a couple of properties and the Zillow estimate for rent seems really low.

I say try to organize what you can now (get your product on the market), then iterate and implement improvements from there.

I would first check what the building is assessed at. 3-4k in taxes for a mixed use building seems crazy low.