I want to wholesale first, and eventually fix and flip.

Personally, I live with my girlfriend who owns a condo in Scottsdale we'll eventually convert to a rental, so I would most likely go with a BRRRR strategy myself.

We estimate that the property is nownworth $950,000 to $1,050,000 (based on comps) - we gained approx $500,000 in equity by converting this into a commercial property!

The 1% rule is important to keep in mind (i.e. how much will this property rent for and will it cash flow whenever you do eventually move out).

If I'm understanding correctly, there are also additional tax benefits to fixing up/renovating our primary residence after we have converted it to a rental?

Find a home that enables you to convert an existing space into an ADU, near a level 1 trauma hospital and rent that out to traveling nurses/residents.

There are at least 3 or 4 people who have courses on it so it is a real thing.It is closer to STR that LTR because they are always furnished and can easily be converted to STR if you have a gap in bookings.

Options The crazy thing is that using the strategies and techniques I have just discussed does not have to increase risk, unlike property development, rehab, land speculation, 80% leverage, or converting residential to commercial.  

Eventually you will have equity in the properties and money saved from cash flow where you can scale quicker.

I've been considering the possibility of converting the property into a sober living home.Does anyone here have experience successfully operating an investment property as a sober living home?