Check local zoning laws and building codes to ensure converting the basement into a separate apartment is permissible.

As long as they convert the cryptocurrency to dollars first.And pay, in USD, via one of the approved rent payment methods in their lease.

It is a 3/2 with a converted one car garage that is a bonus room. 

I am currently thinking about sleeping in the detached garage & converting it to a live-able space or sleeping in an office space converted to a bedroom on the first floor.

you can call vestus.. they have a court house steps program.. you need 20 to 30% cash to purchase price.. so if you win the auction at say 300k you need to have given them a check for 60k the day before.. then they will convert to HML..

To convert a den to a room, you will add a closet, which will most likely require an addition and/or a relocation of light switches, outlets, and potentially ductwork for the HVAC. 

What are some of the considerations or pitfalls to this strategy where we would start renting a single family residence out, then convert to our primary residence after ~5 years.

Either I try for second tier entitlements or try and convert to a conventional with my current home.

Both do a one time close before construction begins, and then it’s automatically converted to a VA mortgage after completion.  

I am a current house flipper and looking to start converting into more passive investments and am really interested in the note investing concept.