I am a finance guy but unfortunately my education is not adapted to the US real estate market and I am little bid confused.Goal:Buy a 2-3 family house to do a small rehab and rent afterward. 

Highlights and AdvantagesNew Roof: Installed 4 months ago.Potential to Add Value: Through strategic renovations including adding a full bathroom and bedroom.Attractive Market: High demand for updated properties in Hixson, TN.9.

Super excited and definitely wanted to learn more and do more in this market! 

The details are controlled by Section 483 of the Internal Revenue Code.https://www.law.cornell.edu/uscode/text/26/483Some bloggers, YouTubers, gurus etc. mistakenly refer to two other sections of the tax code, so let me address this confusion.Section 7872, also described in IRS Publication 550 as "below-market loans."

Should I just go back to getting the property rented out completely and then market it for sale?

The buyer will agree to pay some monthly amount higher than the market rent, to offset the cost of the property when the purchase happens.

I'm particularly passionate about multifamily acquisitions and development. 

That makes sense that new development may not always be a sign that things are turning in the near future.  

Also, avoid issues with city and S8 inspections.3) Marketing Impact - a purple bedroom doesn't need painting, but usually has to be done to attract a tenant.4) Miscellaneous - anything that doesn't meet one of the above criteria.By logically breaking these down for our owner clients, we help them make better decisions on "repairing to their budget" and avoid over-repairing or being a slumlord.Suggest you use this approach with your PMC to address the $22k bid.Lstly, how many bids did your PMC send you regarding the $2k pest treatments?

The more I look into lease option, the more of a specific, niche market it appears to be, especially with the nuances of the legal ramifications if done incorrectly.