@Fulati PaerhatiA 1031 exchange is a powerful strategy to defer capital gains taxes and grow your rental portfolio.

You can do less than 20% down (as low as 3.5-5%) if you intend to occupy the home for at least a year.2) There will be an HOA (homeowners association) which restricts rentals, so be sure to read the CC&Rs (governing documents) to ensure that your rental strategy is allowed, even if you intend to live there at first, eventually you'll be transitioning it to an investment property, so this will be important.

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!

A great resource to check out is The Frugalwoods—they share practical strategies for cutting food expenses without sacrificing quality.

Is this still a good investment strategies and what should I expect? 

.#3 Way to Get Leads: List Pulling and Skip TracingThis is another FANTASTIC way to get leads, and you can get a LOT of them quickly.

Is there a strategy to do a BRRRR with little to no money out of my own pocket?

If they can't stabilize the property and they default on the debt, typically this is the sellers responsibility  If they are coming with susbstabcial cash at closing - What's their exit strategy?

Very subjective question based on your investment knowledge, home market, investment strategy and requirements. 

As a six figure earner, I am seeking advice and insights from experienced real estate investors on strategies and best practices that were valuable when starting out!