There’s a silver lining, though—if the cost of the improvement is under $2,500, you might be able to expense it under the IRS’s safe harbor rule.

Apparently it violates their rules somehow. 

If you're planning to use an FHA loan or another owner-occupant loan, there are typically rules about tenant occupancy.

While the 1% rule might be difficult to achieve, appreciation and a livable flip might make sense for your goals.Greenville SC: This market has seen significant appreciation and demand over the last few years.

@Bryan Cavellier While you certainly can do that, there are different state rules and laws to be aware of.

Quote from @Mike Hern: Quote from @Michael Plaks:While it isn't directly related, does the Cohan Rule apply to real estate professionals without a W2, who lost their mileage book during the year?

If so, yes Dayton rents follow the 1% to 1.3% rule.

There are separate entrances and exits.I’ve decided to design them pretty much identically, minus a couple decor and furniture items. 

Do you guys still apply that rule?

@Joe BellevilleTo build a successful multifamily property portfolio in Grand Rapids, set criteria for property type, location, and budget, build a team, analyze deals using the 1% rule, leverage house hacking, leverage local knowledge, prepare for tenant management, network, and focus on long-term goals.