.#1 tip I'd give if you're buying existing (or building) is to call the assessor and ask specifically what the new assessment will be after improvements.

Looks like an awesome investment and home!

With an average monthly profit of about $1,175 after expenses, it’s proving to be a strong investment.If your parents sell their home and want to move in, you’d need to weigh the trade-offs—losing that steady revenue vs. the stability of a long-term tenant.

I did something similar but with a single family home. 

Ask them what they are doing to market the home.

-Loan bal is around $300k and home worth low $400s.

After careful consideration of where I want to take my business, I've realized that raising capital isn't the direction I'm interested in.

This comes from several data points, the first being the average age at which people are choosing to stop renting and buy their first home.

I don't live in Georgia but I own a few townhomes there for rent,.   3bed/2.5 baths - areas like Acworth and Marietta.    Bottom line I bought them ----halfway thru the Covid craze for $245k.   They were up to $345K v...

The partners between a realtor like myself (proficient in renovation experience), a general contractor, usually a loan consultant to support the buyer and the lender, (along with a buyer and seller of course) are the parties involved.I come across so many homes perfect for 203k or HomeStyle buyers, on and off-market, it isn't funny.