Another option if your profit is over that amount is to convert the property to a rental which would then qualify the property for investment use, Then do a 1031 exchange after a year.  

We were here for just over three months last year and loved it!

Travis I'm a handyman in Orgeron and I would say you are looking at 25k to 30k as a guide line .Depending on the quality of products you choose, don't cheap on flooring or anything that is done in the wall.Provide refrigerator and stove only un less you go with over the stove microwave. 

You are mentioning highly sought after parts of GA.I do commercial real estate over 20 years now specializing in NNN properties.Don't expect monster cash flow here for residential.

I live locally so I drive over to the property call police and she is speeding off just as I pull up with officers.

He also has a loan of 94k that I teased out of him but I don’t think he is interested in signing it over. 

I have experience with BRRR's, buy n holds, and flips with clients all over the country!

Hey there Amir, great choice on coming over to Indy!

While you may not make significant passive income renting the other side or the other three units, you can probably cut your living expenses in half or even live for nearly free in a 4-plex.If I had to do it all over again, I would have taken this approach at your age and purchased a 4-plex every year or so with minimal down payment.

Either way (agent or investor) you are spending a great deal of time and money up front in most cases just to make a buck.