I also work in home remodeling/building and can put you in touch with the right contractors dependent on the area.Are you using somebody you have a relationship with or are you looking for a hard money lender to fund the deal? 

In terms of the formula, it depends on the neighborhood and property type, and yes, you can make it work.

This will vary depending on the bank. 

The only thing I would say is in 10 yrs I think you would have more than 25-20% appreciation.. esp in that area.. so might be worth more plus rents continue to go way up so both are great options, just depends if you want hassle of having tenants or want cash now?

The timeframe depends on the deal struck between both parties and the seller's goals. 

Ultimately, the value of the new duplexes in Hickory depends on various factors, including investment objectives, financial situation, risk tolerance, and property characteristics.

Mike, each lender has their different overlays, but if you’re looking to get a hard money and or Bridge loan to begin the BRRRR  strategy, here’s a list of the most common documents lenders may ask for:- experience / track record- personal financial statement- scope of work / budget- LLC entity docs- maybe bank statements (lender dependent)everyone is different and each loan is a snowflake.

Whether solar is a good financial decision depends on current usage and available roof or ground space to build a system that offsets the usage.

You wouldn’t be able to accelerate the entire $80k it would be more like 15-20% of the $80k depending on your exact property and as determined through a cost segregation study.If you’re not going to keep the property for at least 5 years or have a specific exit strategy in mind it may not be worth it to you. 

Of course they are helpful depending on how you want to grow and which avenue you take, but finding the deal is the key to everything.