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Updated about 9 years ago,
Should I convert a single family home to a duplex?
Hello, this is my first time posting, as I'm new to this site. I've recently closed on a 3/2 house that has had the garage converted to bedrooms (making it a 5 bedroom). The layout of the house would work well as a duplex. Market rent on the house is appx. $1800 as a 5 bedroom. If I convert it, the 3/1 would rent for around $1500. The 2/1 smaller unit would rent for around $900.
There would be some conversion costs, but not cost prohibitive. What should I know about ? Am I missing anything? Thanks.