@Brian Nance some of C class neighborhoods are transforming to a B class.Its easier to “predict” the direction that a neighborhood is going towards than predicting what will happen with a whole market.I’d suggest feeling the vibe of the neighborhood, you can tell that by seeing that a lot of houses are getting renovated, greener grass, cleaner area, cops are present and it just feels safe.Neighborhoods that their tenants are the owners will be taken care of better too.I would not wait because houses in good areas increase fast, so it is a gamble that eventually you will end up paying more for the same house.Good luck!

Your civil engineer will handle all of this but it's good for you to know exactly what's required.You also need to check with the utility companies and get cost estimates from them for fees, hookup charges, transformer locations etc.

Each type of asset has different requirements especially commercial vs residential but overall the process looks like this for commercial or multi family:Check with the city or county to determine what is required for all approvals including site plan and building permits, proffers, water/sewer tap fees, bonding requirements, inspections and CO process and time frame for all approvals.You also need to check with the utility companies and get an idea of availability and cost estimates from them for water, sewer, power, gas, cable, installation and connection requirements, tap fees, hookup charges, transformer location and relocation, power line and power pole relocation issues.Check to see if you have to install any manholes,fire hydrants, curb, gutter, sidewalks, street signs, street lighting any specific street design or access requirements,.Check DOT requirements for access, stop lights and permits, traffic studiesDWQ requirements for permits, permit fees, time framesThis is a broad overview of the process and your civil engineer can handle all of this but it's good for you to know exactly what's required.Residential is much easier but similar considerations.

My goal with the potential of renting on Turo is to simply transform a "dumb" decision into a "smart(er)" decision.I know there are other costs and that I might barely break even renting on Turo.  

The transformation in the last 3 years is amazing and the prices keep rising.   

It's going through an amazing transformation!

Reach out.Pure basic advice, but the main thing is getting educated and transforming your mindset to thinking you have the ability to invest anywhere you want to that works.Feel free to PM me if you would like to talk further.

Took a rough looking house from 20's/30's & transformed it into beautiful home.

I have lived here my whole life and have seen this amazing transformation.

Therefore, it would sure help to know what the ARV is by comparing what that property will command in the market once you transform it back to a duplex (OR SFH?).