Converting a garage into an ADU, sure.

With the HELOC and then converting it to a term loan you will probably be paying higher interest and/or shorter amortization period on conversion which will mean higher monthly payments.

Why it works: A well-crafted landing page can convert visitors into leads by offering immediate value in exchange for their contact info.* Automate Follow-Ups to Stay Top-of-MindMost wholesalers lose deals because they don’t follow up consistently.

I'd like to use this to make an "all-cash" offer on a SFR, and then convert that to a conventional mortgage to pay off the HELOC.  

The rental is currently cash negative and our thought is by converting the unused storage unit it would bring cash flow into the positive.

Several factors at play: the sales market has been slow so many would-be sellers are converting houses they can’t sell to rentals, lots of new construction units have been completed recently, and in-migration has slowed down a bit.

Some of them have converted to flips, but I do not do flips because it is a job (stop flipping, stop earning).  

Hey y'all, Recently purchased an abondoned car wash, converting to storage units.

I plan on converting the barn into another sleeping space and indoor/outdoor rec room.

Start by leveraging what you already have—consider tapping into equity through a HELOC, house hacking again with an FHA loan, or increasing cash flow by converting a unit to a short-term rental.