So even though the total housing numbers may go up, they are not meeting demand for the working class renters who need affordable housing.

Very interested in meeting folks in this community.

@Peter W.From my experience, a second-home investment strategy works best when you meet lender conditions like owner occupancy and rental restrictions.

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

You need to make sure that your property is easily financeable if you decide to sell it in the future and any future buyer can call out non-permitted items and actually report you to the building department or, at a minimum, ask for seller concessions.

Hiring a Handyman: Posting ads on platforms Craigslist or Facebook Marketplace and conducting a multi-step interview process:Start with a phone screen to assess experience, availability, and resources.Follow up with an in-person meeting to determine compatibility and trustworthiness.4.

I can't tell you how long a conversion process will take, but I can tell you that their building department is not fun.

As long as the total of the replacement properties meets your reinvestment target you'll still defer all tax. 

In addition to those above-referenced issues related to conversions, the additional unit(s) would require a parking space and enough lot area/gross floor area to meet the requirements in 9-703. 

It's an incredibly powerful hack if you do meet the criteria.In other words, marry a real estate agent who's an RE Pro!