@Sean Spagnola - I always like to have photos of recent comps in my back pocket to help with the design of a BRRRR to ensure that the finishes are similar/same to the market. 

Any tips for navigating the competition in such a hot market?

You could put it on the market (and you'll know what that second assumption is), and at the same time do whatever you can to get the tenants out (and know what the first assumption is).

Upfront Costs Readiness✅ Budget for repairs, upgrades, tenant screening, and marketing before listing.✅ Set aside funds for legal or professional fees if needed.4.

@Frank Alfano agency debt is very competitive (75-80 ltv, non-recourse, fixed-rate etc); you can syndicate and raise the equity portion needed from friends and family, provided you can market and lead the project.

we can do it not rented but rate will be significantly higher. easier and more cost effective to rent it. unless the bridge money needs to be paid back asap or you need the funds back to buy more, then a cost analysis needs to be done. personally id get it rented at market rent or a touch below if time is a factor. 

The fact that they share a wall doesn’t change the fact that they’re independent properties.2️⃣ Provide local market comps – If no duplex comps exist, that means the market isn’t valuing properties this way.

My company scans and analyzes thousands of properties a day and I can say there are definitely better markets than others!

In 2024, I focused on the Charlotte, NC market, completing 21 deals in my first year of taking consistent action.

Also, if you're having trouble finding inventory in your market, look for single family homes with accessory units or even mother daughter setups.