I'm not doing any additions or demo, but will need to put in somewhere from $25-$60k of works (still waiting on the showing to get a better sense of budget). repairs will probably include renovating the hardwood, painting entire housing. redoing entire bathroom and a big portion of the kitchen, etc.

Demo started in the beginning a March and took around 75 days of renovation to completion (Longer than usual four our renovations but we had some contractor issues).

It's worth a Google search to check out some of the demo's and such. 

Finding deals in Charlotte these days isn't easy unless you're willing to do demo and remodel.

A few years back I helped my brother flip a house by going in making some design decisions and then completing work from demo to finish carpentry.

You can demo without a permit typically. 

Would it be a good idea to demo the house and build a Triplex on the Lot?

Would it be a good idea to demo the house and build a Triplex on the Lot?

Giving homes to tenants will usually result in deterioration of the home to the point that the tenant will simply walk away and you will be left with the cost of demo and replacement.

I put new tile flooring throughout, added a closet to make a 3rd bedroom, new appliances, new paint, new counter tops, refinished cabinets and added new hardware, gutted and updated bathrooms, landscaped outside plus lots demo, fixed a roof leak, sheet rock work ect.. for $13,500.