Then we would like to knock down the church and build a duplex on this parcel.

Bob - This is the first I'm hearing of non-homestead taxes.

This is truly a fantastic place to connect, learn, and continue growing your real estate knowledge and network.Keep up the momentum, and feel free to reach out if you ever want to share more about your journey or need advice.

This thing has major reno needed including fire damage mitigation.

I understanding is the TN has some crazy rules and regulations that complicate this process. 

In short I want to know ways that you have made deals like this work and/or any creative solutions for keeping a tenant in place. 

Results: The final numbers – purchase price, rehab costs, sale price, profit, etc.Key Takeaways: What did you learn, and what tips would you give to others?

I only have one rental unit.Hope this helps

This perspective goes beyond merely buying and selling properties; it involves a strategic approach to wealth building and risk management.

Hey Maria, A source who has a wealth of knowledge and content on Preferred Equity is Rob Beardsley!