I will split a giant master room into two smaller rooms and will convert the living room to get the additional three rooms.

In addition, you will not be relying on the legislature to continue to protect safe unpermitted units.  

Additionally we keep the total security deposit until ALL the tenants move out, so the leaving party won't get their security deposit back until the last party leaves. 

In addition to down payment you need reserves which is 12 times or 24 multiplied by all you debt.

Here are a few additional insights that might help as you transition into multifamily:First, when scoping out deals, relationships are key.

When you hear something STOP, think on it, ask if it makes sense, then SEEK OUT additional info, seek out CONTEXT.

If you're occupying the vacant unit, what makes you think you can evict either tenant from additional units?

Additionally, some landlords are still waiting on over $5,000 in payments from the program.This market is right in my backyard, and it seems like a good place to start, as I can afford to buy homes in the $65,000–$80,000 range and am familiar with the area.

I have spoken to my neighbours but they do not know who the HOA board members are ( it is a large complex with 100 + townhouses).It is very strange but it has not proved to be a problem in the past as the management company deal with the properties externally ( eg painting ) and the common parts and have always done so competently and individual oners deal with the inside of the properties.They are now proceeding with the painting without doing anything about the termites.

If you need help with funding or additional guidance at any stage, feel free to reach out.Best,Drago