Another thing to note is that the upper portion of our current house would need some work done on it like updating the kitchen and bathrooms, new roof in 2-3 years, and new flooring(carpet and refinishing the hardwood).

@Mitchel Johnson, I’d recommend starting with J Scott’s rehab book and the BiggerPockets Rookie podcast, then practice by pulling 10 sold comps a week and getting a couple contractors to give you rough “ballpark” prices for kitchens, baths, roof, and HVAC so your ARV and rehab numbers stop being guesses.

The property has strong fundamentals (roof, HVAC, and water heater are in good shape) but it hasn’t been cosmetically updated since original build.The plan would be a full renovation: kitchen, both baths, flooring, fixtures, and potentially some layout modification to bring it in line with nearby renovated comps.I’m hoping to acquire with a VA loan (assuming appraisal and any lead-based paint concerns clear) and budget approximately $150k for renovation (plus contingency).

We cleaned the house out, scrubbed down nicotine walls, replaced flooring, repainted house and kitchen cabinets, replaced countertop and light fixtures throughout.

I installed new kitchen and bathroom cabinets, stainless steel appliances, new central AC units, vinyl flooring, and fresh paint.

Scope includes:-Triplex conversion-Full mechanical separation (electrical, HVAC, plumbing)-Additional kitchen installation-Structural flooring work-Exterior completion work-Full interior buildoutTotal construction budget will be substantial, and I’m looking for a GC who:-Has experience with multifamily conversions (not just single-family rehabs)-Understands Indy/Marion County permitting-Can manage subs across trades-Is comfortable with bank draw schedules-Runs organized projects with realistic timelines-Is transparent on pricing and contingencyI’m planning to hold long-term (if possible) and want to build a relationship. 

You can absolutely have too many cooks in the kitchen - it sounds like you are trending that way already. 

Hey everyone,I just got details on a Pre-Approved Short Sale in Ellenwood (30294) and wanted to break it down because we don't see these often.Usually, short sales are a 6-month waiting game, but this one has the lender's 'Green Light' already, which technically makes it transact like a standard sale.The Asset:Location: Weelaunee Rd, Ellenwood, GA.Specs: 4 Bed / 2 Bath on 1.84 Acres (Huge lot for this area).Price: Listed at $235k.Condition: Renovated kitchen/floors (not a gut job).The Opportunity:Ellenwood is seeing a lot of activity as buyers get pushed out of Decatur/Atlanta.

If tariffs are hitting lumber and appliances hardest, light rehabs that skip expensive kitchen renos or big structural work should still stack up.

bathroom, kitchen, and roof twice.