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

The challenge that many borrowers run into when looking for larger equity lines with limits  of $250k+ is that they typically require full income verification (not always bank statement and DSCR exist) with lower DTI ratios (43-50%) however although the repayment scheduled is based off a simple interest only payment, (usually a 30 year amortization schedule with the initial draw period of 5-10 years) the qualifying rate is based off of the converted twenty year amortization schedule (240 equal installments) of the payback period.

Do we have to disclose this to the lender, either at the time we convert to a rental or even up front when we apply for the HELOC?

Thanks in advance - Justin - Peoria, Illinois First post here 😀 there is a self service car wash here that converted to mini storage. 

That's what I did.If you are talking about the city poles going over the ADU, then historically that was a no go on converting a garage or building of any kind under any circumstances.

Secondarily, if we can have a year wherein we can significantly decrease our tax liability thought REI, we would use that year to convert some of our tax deferred investments (403b, 457b) to in-plan Roth conversions and pay the taxes on those conversions - hoping that makes sense.We are open to STR, MTR, LTR - we just want to make a wise decision that lowers our tax liability. 

In our case, we used our CPA, who creates SD 401(k) plans for his clients, though I’m sure he obtains them from a facilitator.You'll receive a disarmingly simple one-inch-thick three-ring binder containing your plan documents.

Purchase price: $250,000 Cash invested: $40,000 Took a three bedroom ranch home and converted into two separate apartments with two tenants.

Continue the quick responses within Zillow, those convert the best. 

I am trying to decide if I should convert the garage space into another unit.