@Dave RavThe security for a note than includes real property is the real property itself, the lien is perfected by a mortgage or deed of trust that’s filed with the county in which the property is located.

@Jesse WhitacreIt will depend on your goals and strategy of choice.

STRs by several miles....I love cleaning my rentals every week or two, let's me know that they are in perfect shape...

I tried not having a fence once and had many people comment on how perfect the house was except not having a fence was a pain with dogs. 

It will always be a hard choice as to what to do short term, just look at each of those options and calculate the 4 year value of each. 

I have been a landlord for 14 years and have only actually had to evict once because the tenant ghosted me and left me no choice but to take legal action.

Been using it for about 18 months now, and though not perfect, I DEFINITELY, say it covers 95% of my needs.  

If you want cash flow in the Triangle, my opinion is you have 3 choices:1.

This could also be completely passive and the perfect learning experience.

The layout was perfect for a starter home and I bought it so I can live close to work and build equity instead of paying a landlord.