This can also be converted into a Backdoor Roth if her income exceeds the Roth IRA limits.

Properties that were converted a long time ago, or likely converted without permits, and not to today's building regulations.Not knowing how the property was separated by its units means that you don't know where the electrical, plumbing, or other mechanicals run.

That conversion will not trigger any tax.Unfortunately we can no longer eliminate all of the tax simply by converting to a new primary and living there. 

@Matt W.Four inches is a lot.

Hi everyone - I have on the market my own class B 60K SF metal warehouse that I am thinking about converting half of the facility into flex space to lease out.

Dirt road wont cut it.. you will need at the very least gravel and depending on soil type you may need to put down big rock first like 3 inch then build a base of 1 inch minus on top of it so you dont sink. 

BTW, in Seattle we are surrounded by 10 ton fir trees, inches away from homes.

I plan to convert it into student rentals.

If I knew 10 years ago what I know now about house hacking, I'd be doing it, but we are in a condo building we converted with friends - and our condo is paid off - so we're staying put for the foreseeable future.Thanks for the thoughts on lower cost areas and rehabbing.

What are you guys/gals using to convert these leads?