Our goal is to convert it back to a 3-4 unit property for long-term and short-term rentals.As I currently reside in Washington DC, I'm unfamiliar with the local permit processes and requirements.

A lot of things are not used in store. 2 coin machines, 1 is broken and could be replaced by a card reader, large vending machine empty, soap vending machine coins could be converted to card.

And do due diligence to see what the empty spaces can be converted to.

Due to the lot size, the property can be converted to a 6-10 commercial multi-family property. 

I had not heard that HELOCs would automatically convert so that would be new news. 

I currently pay a sizeable rent in FL and would like to get a new home to convert the rent expense into generating value in a new property that will appreciate.

I have a 2 family planning to convert to 3 family.

The rental property is in a HOA community that has a 30 day minimum lease term so converting to a STR isn't an option. 

Is it possible to take out a mortgage under our personal names and then convert it to the LLC later?

I would like to legalize it and was wondering if anyone would be able to give me a rough estimate of the cost to convert the property to a 3 family.It does not have a sprinkler system.