Usually a plumbing, electric, demo, major alteration, and if you are digging one regarding foundation.

A land contract (contract for deed) has been altered in its viability in a number of states since Dodd Frank and other regulations put in place since the real estate meltdown post 2008.

I was hoping to have a casual but formal conversation informing the tenants after 6 months that the lease will be altered with the following changes such as ( rent increase ) In order to be transparent with them and increase a smoother transition for them to leave once their lease finalizes.

I believe you understand why this is not an idea that professionals can endorse.If you're planning to actually alter the ownership, all for DTI purposes, then it may not be worth the benefit.

Landlord shall not be obligated to clean, decorate, alter, repair, or otherwise improve the rental, either before or after the execution of this lease, unless agreed to in writing as part of this Agreement.

If it is allowed, you then need to evaulate what alterations would be required in order to comply with the change of use.

I realize a bigger pockets about real estate and not the stock market but I like the diversification and wouldn’t consider cashing in or altering my portfolio.

Changes and Alterations.

SureLy they will alter especially with unexpected expenses like a bad ac unit not working and your tenants are complaining to get a new system ASAP then you panic and call the most expensive ac company in the city then they will come and quote you on a new unit for over 1k$ and you pay for it only to find out later your old ac unit only problem was a 10$ blown capacity...

Of course, there are numerous scenarios and negotiation tactics that can alter this.