We completed renovated the small house and furnished it.

Value adds that could bring up cashflow/value:- renovating units to bring rent up to 6-7k/month - ability to rent out parking space on the property as lot is large - trailers, parking, RVs etc - about 1-2k/month cashflow. - property had TDR trasnferable development rights and can be built 5 stories on it.

In February of 2022 we purchased a newly renovated 3 unit building in the South Austin neighborhood of Chicago.

Their home in Waldo was also a great deal a Duplex they found for $210K and now getting $1250 a door since it needed renovations.Some advice is be careful with what you by so that you are not paying top dollar or market price for a home that someone just renovated.

The $50k Heloc on house 2 was used to begin renovation here.

For the 4 plex you are spending an extra 80k in renovations (I question your 110k renovation number to get to 4 units - this could be low but I don't know the square footage or layout).

That is all about your experience, skillset, and appetite for risk, as well as the quality of your renovations.

Also, doing your own research on newly renovated or constructed homes that have recently sold in the area on Zillow or similar websites can be a good first step as well. 

We just took on a newly renovated Padsplit in Mesa right now and have full occupancy but I'm curious how Turbo Tenant compares to Padsplit pricing 

I rent STR mostly through airbnb which acts as a rental manager and I have an assistant that I personally hired to flip/clean the units and also on site for renovations.