House Bill 1050 (S.L. 2014-3), signed into law May 29, 2014 by Governor McCrory, provides that the gross receipts derived from the rental of a private residence, cottage, or similar accommodation listed with a real estate broker or agent where a person occupies or has the right to occupy such on or after June 1, 2014 is subject to the 4.75% general State and applicable local and transit rates of sales and use tax and any local occupancy tax imposed by a city or county.

The winning bid is then subject to a 10 day upset bid period.

@Clint Kreider thats perfect ill try to make it out to the meet on the 9th, how frequently do you guys hold the meetings?

For example, in which cases would short sales, subject-tos, lease options, straight-cash offers, etc. work best?

How about you just buying it subject to? 

What is the price range on the subject property?

Thank you all for such great insight on this subject!

I remember hearing about not doing a subject-to long term.

I have an opportunity that just presented itself for a possible subject 2 deal, and I'm going to have to learn the ropes very fast!

I am hoping a software is available to be able to categorize apples to apples by categorizing -for example all the "Sold" 2bedroom 1 bath homes within a the subject property's community/neighborhood.Thank you.