But if you are brand new and maybe want to start tracking your finances in an online system like QuickBooks Online, then it might would take some about 2-3 hours to get everything set up.

How did you finance it? 

@Justin WilliamsIt sounds like you're encountering some challenges with obtaining financing for a multi-family property due to your credit score.

In general I would appreciate any advice in this endeavor, and any other help regarding financing as a first time home buyer in an owner occupied space in NC would be great as well.

If you decide to get a Sun Tunnel type of device, get the ones with the rigid and inner mirrored tubes.Just like I don't try to answer questions involving financing, investing in entities that I'm not familiar with, etc... perhaps you shouldn't discuss items that you are unfamiliar with!?

I would likely be able to close on construction financing immediately upon the first home close, and likely have permits ready to go as well. 

i would get #s from a FEW as you're getting started, to see who knows their stuff. if ARV could be as low as 90k you'd pretty much have to get it for free. deals like this sometimes work creatively though. if they're open to seller financing. and you can wholesale creative deals. 

what kind of financing are you using? 

If you do a 1031 exchange into a new construction project, it matters a great deal whether or not you need to finance the new build using proceeds from your previous property. 

@Robert MendenhallA couple points:Buying a 2 to 4 unit building with either FHA or VA financing and living in one of the units is a GREAT way to get started with home ownership and investing.