I'll double check the PM agreement, but I think it's 50% rent for each lease period. 

On most of the websites Im finding my information there is a wait period that you must undergo before you can obtain the license, something like 45 days of residing in the state.

There is some class c/d multifamily on the next block that I don't like, but the rest of the surrounding residential neighborhoods look pretty good. 

But the reality is that even if I had enough money to live for the rest of my life, this is the thing I do that truly makes me happy.

Sometime recommending an agent is how you can help them out.If you really go out to serve with integrity God will take care of the rest. 

Plus, it is a year-round area (though Jan/Feb are a little slower than the rest).Asheville is roughly the same but on the NC side of the Great Smoky Mountains.

Of course I am still in and plan to be in the military for the full 20 years (14 more to go), so by 37 I will be retired collecting retirement check from Uncle Sam for the rest of my life as soon as I get out, investments I still have in stock market, and investment properties will be my income.

For the purpose of my project, I am looking to borrow $70k to purchase the property, fully fund the rehab ($12.5k) with personal cash, rent it out and cash-out refinance 75% LTV (ARV of $115k) after the 6 month seasoning period.

Remember there is a look back period for any benefits received from the government.

I have built a real estate portfolio and real estate management/rehab company from scratch in a 4 year period.