Are you one of the tenants?

I’m Alex, I’m looking forward to learning more about real-estate, rentals, and all the things in between.

Turned out that the house had been owned by a family who lived there forever and ran a small beauty salon out of the house, so one of the bedrooms had been turned into the hair salon and the dining area turned into a foyer.

Thanks for the responses!

The higher you go in price, the ratios get too hard to make it work without leaving as much money in the deal as you would a standard down payment.

@Jessica HowellIn the operating agreement we typically put like $1,000 as initial contribution.

Quote from @Marcellis Mosby:I would bring the contractor with me on that viewing to get the full bid..

I think you really need to work with an agent based on what I am reading between the lines in your post. 

In the last year for Knox county specifically the median sale price is up 9.92% and the whole MLS is up 7.14% year over year.After beginning to recover in July and August, home sales throughout the East Tennessee region slowed up again in September which is somewhat expected as schools get back into swing.Mortgage rates remained below 7% for the entirety of September, for the fourth month in a row.

I'd recommend getting multiple quotes from service providers to see what pricing is going to look like per square footage.Without too much information provided and depending on the size of your home it could be anywhere from $5,000-$15,000+