Living in the mother in law suite renting the home?

[Luke G.]

Looking at a place in the west Nashville area. 4 bdrm house with an adjoining apartment. The asking price is way out of market and the home has been sitting for almost 2 months. The long distance sellers are having tenants move out this week and seem like they are becoming more motivated to sell. The home sits on a tiny sixth acre lot (I could mow the lawn with a weed eater). The house was built circa 2002 and is in ok shape for it's age.

1.) what kind of vacancy rates should I expect if I rent a 4 bdrm house? What kind of rents would I be able to get for a 4 bdrm house in that area.

2.) How do I price this oddity of a house? (super tiny lot, adjoining apartment)

3.) Is this a crazy idea, should I go back to my original idea of a duplex with 2 bdrms a side?