Quote from @Andrea Ward: I recently purchased a small tract of undeveloped, heavily wooded land in North Mississippi in a neighborhood.

If you are not in a good neighborhood, you will not be attracting great tenants and sharing a duplex with someone can be a highly stressful and unpleasant experience, especially if the structure is not truly conducive to being a duplex.

I approached them and told them our plan to convert the space (assumptive sale style) and offered to renew their lease and lock them in for the same rate for 18 months at the same time.

Like Adam mentioned, it's not a good neighborhood.

I've flipped several properties in Eastwood Hills East and surrounding neighborhoods, with about half selling to homeowner occupants and the other half sold to investors with tenants already in place.That said, the specific property you're considering is key.

Pick a 10 block neighborhood.  

In 2021, Omaha was ranked the #4 city for new homeowners- and I think with the next wave of QE heading for markets, the gap for affordability in high-demand coastal metros will just make midwest flyover cities that much more attractive to would-be homeowners, in particular remote workers.Within Omaha, there are entire neighborhoods being refreshed by investors and homeowners alike, as well as new home developments popping up on the outskirts of Omaha left and right.

I've generally gone out for those sorts of trips unless you really trust the team to have a sharp eye as a lot of the styling happens once everything arrives and you have to make it fit together. 

The style looked very similar, but they were made with solid wood. 

My tenant is complaining that it's driving unnecessary attention from the neighborhood to his home and wants us to move it.