Really - my question is two fold. 1) What unique contracts/documents do I need to be prepared with to move forward with these types of transactions assuming I am 2) What should I pull in attorneys, title companies, etc.. for? 

All modern furnaces have more repairs because of the complexity involved in safety and efficiency.I have proactively replaced 40 year old HVAC systems, because it always seems they go out in the cold of winter or heat of summer - at the worst time! 

Wilmington is going to experience growth and is a bit of a unique position where land for development is more fixed in availability than other parts of the state.

The Income Insights feature of My Smartmove is unique to them.

If your lender has all the documents they need from the buyer and there are enough comps in the area, they can type the information into their system and see if it qualifies for a waiver.

Now, I know that I am unique and I enjoy managing my apartments and not everyone can do that,  or wants to do that,  and maybe some folks dont have the cash involved like I do.... 

My tip, work on systems, tools and marketing before you quit your W2, so you have your lead gen automated and can focus on working with people and not have to take time to build systems.

Do you use a software/system with your property manager to keep track of all rent collected, capital spent on repairs, and more to stay organized?

I have never done the rent out rooms but seems like a good idea if you get some systems in place.

And in reality, in 35 years, you will have 1-2 more roofs, a few HVAC systems, a new kitchen and baths or two, repainting many times over, etc.