I'm planning to use that money for a downpayment  to buy a multifamily where I would live in one side and rent out the other side. 

Consider that an advantage you have over most others.  

I checked this out and it looks overpriced without having any other info.

This is like buying any other property, it is valued at whatever the market is.  

But do all the other houses in the subdivision have stained fences?

The end product will be great, as others have mentioned perhaps in other threads, Delta has not increased any of the cost, so there is still a huge equity upside.

Reaching out to see if any other investors out there have airbnb-ed rooms in their house in Greensboro NC and how it turned out?

There are tons of other metrics to consider such as rental rate, job demand, growth, path of progress, taxes, schools, crime, and on and on.

Quote from @Dan Farsht: I am looking to connect with other hard money lenders in the upper Midwest (our business is currently concentrated in the Greater Milwaukee Area). 

This works best when the seller is motivated and open to flexible terms.4.BRRRR Strategy (Buy, Rehab, Rent, Refinance, Repeat)– If you find the right undervalued property, you can finance the rehab with short-term funding and then refinance into a long-term loan, pulling most or all of your money back out.5.House Hacking– If you’re open to living in your investment, you can use an FHA loan (as low as 3.5% down)to buy a multi-unit, live in one unit, and rent out the others.