You want to work with an investment team that already has the skills and a proven track record of finding, qualifying, renovating, and managing properties.

The likely policy will be a Renovation Builders Risk or a Vacant Dwelling with Renovation. 

Since you're living in the home you can do a regular FHA loan or a 203k if you're thinking about doing renovations as well2.

@Jonathan Bombaci feel free to follow along. https://www.biggerpockets.com/forums/843/topics/749731-my-manchester-nh-4-unit-renovation?

Complete renovation What was the outcome?

.- Capex - reach out to a GC and walk through some example renovation projects to get a rough idea on $/unit.

Hello All,I am researching potentially using my newly renovated 2nd unit in a house hack duplex I am living in as an Airbnb rental.I believe I am eligible as the property has only 2 units and I am the owner and reside in the property full time.Reaching out to anybody doing the same thing in my neighborhood to find out what the pitfalls are and any problems encountered so that I may address them first and save time on deciding if this is for me or not.My question is if this is worth doing and is profitable in the Jersey City area. 

Since many people want the psychological payoff that comes from the rehab, and it constitutes the bulk of renovations, the market prices it accordingly.

Hi I’m looking for a contractor/handyman in triad Greensboro area to give me an estimate on small renovation on a house I bought.

@Joe VilleneuveAccording to comps the mininum price for a property 200 sqft larger is 220K and maximum price for fully renovated, including washer and dryer 254K.