We have discussed the possibility of finding a deal on a single family home and upgrading it.

Since this isn’t a “fixer,” and you’re going the FHA route, you’d have to go out-of-pocket for the remodel/upgrades or get a construction loan based off the ARV, which is generally going to require 25-30% down unless you go with private money, which will have much higher interest.I see it’s pending, so maybe you got it under contract, but if not, I know you can find a good deal out there, even if it’s a smaller starting point.

Great work on utilizing a 1031 exchange to upgrade your portfolio.

Tampa stands out with diverse neighborhoods ripe for smart upgrades and Florida's investor-friendly laws.

Upgraded windows, landscape work and made two separate dwelling units.

Caveat: I will be doing upgrades, etc throughout the years to justify the increases. 

Paint, flooring, and upgrades.

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Although it was in good condition, we earmarked some funds for further improvements, including repaving the driveway, installing a new privacy fence, and making select upgrades and repairs inside the units.One of the standout features of this property is its prime location near the vibrant downtown area of Bryan, with easy access to restaurants and shopping, which added considerable value to our investment thesis.Initially, our plan was to utilize the duplex for Airbnb rentals.

I would end their lease when able, upgrade, and find new renters.