I would second what @Chris Chantavong said, as it's much better to buy when you are bankable. 

Some contractors find this tedious so just make sure you set their expectations (paperwork wise) before you hire them.Also, when I went through my rehab, the bank cut me a check for the first half of the 203k budget up front at closing and then didn’t provide the second half of the 203k check until after the renovations were complete and they had an appraiser come out and verify that all the work on the original scope was complete.

Also, the second unit is considered an Accessory Dwelling Unit or ADU and I cannot re-zone this property or have the basement as a 3rd unit.

They have a Real Estate Investors meeting on the second Tuesday of the month in Baton Rouge at the Hyatt Regency on Bluebonnet.

What is the likelihood this would get on their radar and I would be disallowed from using the property as a triplex?

I went down yesterday to ring their bell (it's second floor of a multi-family) and no answer.Should I be concerned?

Some I spoke to within 20 seconds I could tell they weren't a right fit. 

Second, your broker is your mentor/teacher, so choose wisely.

@Mack Bailey first see if you can qualify for HomePossible with 5% down, FHA has also an upfront mortgage ins of 1.75% of the loan amount that gets rolled in though ideally is to get your 1st MF with FHA and second with Freddie since FHA doesn’t allow use of rental income on other properties you own within a 100 miles radius.

I have my first cabin on Airbnb now, and I have a second one under contract.I'm interested in networking with other people in Atlanta who are getting into the VR biz in the Smokies.