It's supposed to be our primary residence so we are running out of time to move in since we should move in by Nov 1st.I was thinking about changing just the basement plumbing to copper and waiting till I renovate the rest of the units to change their piping as well.

Can you bill back utilities to the residents?

Residents can pay $1600 for rent and be in nicer areas of Memphis with better food, school, job, and transportation options. 

Investment Info:Single-family residence hard money loan investment.

Investment Info:Single-family residence wholesale investment in Columbus.

Then when you finish repairs, depending on the time frame you would have lived there as a primary residence at which point move back with parents and rent that unit for even more because you just rehabbed it. 

Investment Info:Single-family residence fix & flip investment.

I would not recommend investing in SD as a fellow San Diego resident myself! 

Around here, for 1-2 unit residences most cities use International Residential Code. 

For context I know this may land squarely in STR territory meaning as a residence it won't comp out any differently.