I recommend Note Investing Tools.

R-4 allows duplex’s with ADUsR-6 is the same plus multifamily in townhouse forumAnd R-10 is for high density apartments Best to look into the UDO and on IMAPs for wake county to see zoning, if it’s in a frequent transient zone which allows two ADUs.

What types of returns are you seeing for your investment property (cash on cash, and cap rate), especially for any new homebuyers in this high rate environment (7%+)?

Are their listings detailed with good quality photos?

$250K Reno cost seems very high unless it is a big house over 3000 sq ft. 

Yeah at the time I was a foreman on a construction crew for a local contractor/my beat friend and mentor, so I had a truck full of all the tools, access to leftover materiels needed as well as a significant amount of experience so yes I personally added a second bathroom and as far as the 5th bedroom goes, it was just a matter of putting a door on the "living room".

as  PML personally your first positions are simply too high to take the risk of being in Second position.

Tidbits of what we know:It sounds like 3 program participants would stay here (potentially alone without supervision, and plus we don't know the participants yet).The participants have a highly structured day where they would leave early in the mornings (the business states that they're focused on keeping these participants very active and doing things).The business also said that the house is kept very clean, as the state can do a surprise inspection at any time.Perhaps my first question is to Jorge from the OP - did you end up renting to the company?

Why the high cash in? 

Buying without any skin in the game is high-risk and a recipe for disaster.