If anything’s not up to code, you’ll need to fix it before they sign off.As for costs, you’ll have permit fees—those can range from a few hundred to a couple of thousand dollars.

The house, if listed to sell, would likely be in the $320k range.

You can find decent SFHs in the $150k-$180k range that can cash flow if you buy right.The challenges?

Operating in the Luxury SpaceWe focus on properties in the $1.4 million to $1.9 million purchase price range, which allows us to sell finished projects in the $2.5 million to $3 million range.

I did this prior to my R2R purchase to ensure my numbers were in the same range as R2R's projections.

Looking at properties in the $200-$400K range to get started, but may go higher if the math makes sense.  

I am all for saving as much money as possible in your bottom line.  

I have sent multiple 14-day possible eviction notices and still nothing.

Rents for medium term rentals usually range from 1.5 times to 2 times the normal rent for a place.

I realizing the duplex conversion strategy is more complex I probably wouldn't try it on my first property, just want to get a sense of what's possible in the Chattanooga market :) Thanks!