Purchase price: $665,000 Cash invested: $200 Sale price: $665,000 Its a Duplex 2bd1ba each unit, nice backyard and long driveway, situated in the Pattern neighborhood 5 minutes drive from Dimond/Laurel village.

I don't think you can raise the rent by installing it because most guests aren't going to be using it anyways and it will prevent guests from booking potentially because your price is higher than others.II say all this as someone who drives an electric vehicle. 

With todays higher interest rates and competition from other investors that drive up distressed housing prices we've hadn't had any luck getting new deals to pencil out.

As always, your tax professional should help you navigate these rules and apply them to your specific circumstances as with all tax law, there are caveats and nuances to everything which need to be examined!

I also think that you don't need to be a driving distance away. 

I suggest examining that carefully.

@William Vreeland, Nashville to Knoxville is a 3 hr drive, so unless you family is consistently in Knoxville, I am not sure how having family in one city is beneficial to investing in another.  

The hospital did recently undergo expansion, but I wouldn’t count on that alone to drive major change in the area’s economic profile anytime soon.If you need more specific insights on Trowbridge Ave or the surrounding area, feel free to reach out—I’d be happy to help!

I'm eager to start the work of finding a drive-by appraiser and calling title & insurance companies to close this transaction.

All you need to do is apply the 3 pillars of a conversion correctly and drive traffic to your website manually, and within 2 weeks, you could close deals—absolutely.