I can get a writ for a month to month renter in as little as 30 days and no longer than about 45 from start to finish while a 12 month lease takes months, as many as 3 from the time you start the process so if a landlord drags their feet, it can be 4 or 5 months!!! 

Finish work is key.

Typically, people stay in hotels or other lodging (AirBnB/VRBO) but I wanted to take a different approach.I would be looking to purchase a duplex with the intent to finish the basement and either convert to a full triplex if allowed or keep it as a duplex and rent out the basement separately.The Joint Travel Regulation (JTR) states that a member is not authorized lodging reimbursement if the member purchases or already owns a property that is used for lodging during official travel.It’s clear that I won’t be authorized reimbursement if I purchase the property under my name, but what if the title is under my LLC with me as the sole owner and rent out one of the units (probably the basement) to myself? 

I just finished going through this in a building in Cicero.

For example, I finished some attic space at one of my rentals a few years ago and increased rent from 950 to 1600, which I thought was cool.

@Matt Hassler I invest inside Hagerstown city limits and just finished a 4plex full gut rehab and selling 2 of the units.

I believe your estimates will not be attained.  

Should be a good project, if I remember correctly it had a new roof and electric service and the interior had the bulk finished, and a new second mini kitchen. 

There are so many people on here who have achieved that goal, so it is attainable. 

I just finished reading The Book On Rental Property Investing by Brandon Turner and I am fired UP!