This would make it into two, two bedroom units with the intent of making them long term rentals.I'm guilty of having a lot of projects going at once so my focus right now is bringing the cottage to a point to refinance out of the private money and either make it our primary residence for a year for the financing perks or to go straight into a short term rental.With the four bedroom house I'm trying to decide if it's worth splitting into two units or if I should keep it a four bedroom rental.The cottage I'm also tempted to do mid term with to lower the turnover and maintenance but open to suggestions.The third property I'll probably just let the current renters pay the mortgage for the time being if I'm able to acquire it anytime soon.

Good evening,Active duty military here and resident of south eastern NC (Wilmington area).

I intend to relocate to the Rapid City, SD region in April/May for work, and I plan to acquire a primary residence that could eventually be transformed into an investment property.

Investment Info:Single-family residence buy & hold investment.

I think there's potentially a different feeling when you convert a personal residence to such an investment property versus purposefully buying an investment property. 

They should know the process super well and have their own contacts with leaders and managers to be able to ensure things run smoothly.There is a weekly open-office time for residents to be able to sit down with their case manager (I think it's Weds, but I haven't seen the time printed out recently so it may have changed.

Investment Info:Single-family residence buy & hold investment.

IRA funds can be used to make investments only; they can't be used to buy a residence.

In non-commercial residence (<5 units), the vacancy is large impact to cash flow s as nd it typically is worth having rent not at the top of market.  

Especially if you get a long term resident in the ADU and then you might can utilize them to help on your turns of the MTR.