You can use the same LLC you have been and that is typically easier for tax purposes as well. 

I know notes are kind of a niche within real estate, but I’ve found they open up some interesting opportunities compared to traditional rentals or flips.

The only comparable unit is 1120 selling for 290k back in May.

With that said, most people would not consider insurance costs to be 'reasonable' compared to the rest of the US - your rates are still going to be more than someone with a comparable home in Iowa.

I'm uncertain though if it is Lake Norman specific, but North Carolina can be a good state for investing.Note: This information is for educational and informational purposes only and does not constitute legal, tax, financial, or investment advice.

When comparing notes to investing in traditional real estate, I'd say one of the biggest challenges is the note investing can be a more capital intensive business, requiring more money upfront with less creative strategies for an individual to buy (though you're always buying at a discount).

Hi Jakub,I'm invest almost exclusively outside of North America nowadays and my main purpose is to maximize my returns.

Appreciation potential is definitely strong given the population growth and continued corporate presence, but cash flow can be tighter compared to more affordable metros.

Quote from @Melinda Eilts: Over the years, I’ve seen investors run into the same problems when it comes to financing:Rushing into deals without clear exit strategiesUnderestimating holding costsNot comparing multiple funding optionsHave you made any of these mistakes early on?

I wrote the above for informational purposes.