Converting a home to a 2 family from a single family

[Nicholas Stolfa Ryder]

If you have a single family home that is very old (paid off) and needs to be rehabbed, would it be smart to tap into the equity to update it and covert it to a 2 family home. It can easily be a 1 bed 1 bath on the bottom and 3 bed 1 bath on the top.