Navigating the zoning requirements, dealing with Maryland Historical Trust limitations on what can and can’t be done to the property, and the financial burden of renovating the property to meet these standards have left us trying to figure out the best strategy so the property doesn’t just sit unused.If we decide to sell, we anticipate pricing it at around $70-$80 per square foot, which is an incredible deal for a property of this nature.We’re reaching out to see if anyone here might know of potential buyers interested in this unique opportunity.

My husband and I make a good income from our W2s, as well as have been part of a few great investment opportunities. 

Too many people want the ADU in place before buying, which drives up the price.

I think Pigeon Forge and Gatlinburg prices have lowered the average yield overall after the spike in 2021 would be the only reason. 

What are some of the challenges or opportunities you see in making the transition from contractor to investor?

If you were and lose the value of the rental, then subtract the rental amount from the total price to arrive at the reduced value to you.Are you asking HOW to negotiate a lower price based on this uncovered information concerning the property condition?  

What are some of the challenges or opportunities you see in making the transition from contractor to investor?

There may be fewer opportunities, but also less competition.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

Hi @Brian Levredge- Since Chattanooga is my market of interest in a very near future, would you mind sharing with me what is the average price per squared footage for cosmetic rehab for fix and flip project?