I will be looking to start those conversations and find those partnerships.

Conversely, if you're interested in short-term rentals, I recommend using tools like AirDNA to identify markets with high potential, based on the market score of the surrounding region.Additionally, understanding your financing options is crucial.

Have you experienced this problem or is this a hypothetical preparation conversation?

This is a simple conversation really....where is the money coming from?

Maybe you could find a smaller home with the ability to add on an ADU or garage conversion?

The "exchange rate" for conversions of tax deductions to tax savings vary from investor to investor.

It’ll be a 1-2 yr payback on the conversion cost, or even less if you need to restore the pool in the first place.

Conversing with any poster who is new and tells us how "great" their mentor program is that costs $20,000.  

Shahaf,If you do decide to go ahead with the conversion, contact your insurance agent and make sure your current coverage for the 2 family will still write the 3 family.  

I did have an interesting conversation with their "director of education" who spends an hour to see if potential students have what it takes to qualify for their limited number of coaching slots...in less than a half hour he decided I wasnt a good fit for their program, and hung up on me :-) My non proprietary "secret" is; think about who the buyer is, figure out what they want and give it to them.