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Updated over 6 years ago,
Adding 5th & 6th units after Conventional purchase on 4-plex?
I have the opportunity to purchase a 4-plex with a 1500 sqft storage building that was abandoned a few years ago. The storage building would be included in the sale. If I were to remodel it, in to two additional units would I need to notify the bank? What would happen if I didn't?