I also plan to convert 4 of my nicer LTR's to MTR's and start to enjoy the fruits of my labor.

Converted to central HVAC, new windows, paint, fixtures, landscaping, roofing, flooring, major plumbing improvements, and more What was the outcome?

Hello Bigger Pockets, My team and I are looking for a tip to point us into the right direction of how to convert our current tenant from regular rent she pays to a Sect. 8 Voucher (where rents in that zip code are much higher), she will have a percentage of the monthly rent paid for her by the government.

Real estate is a long-term, wealth-building investment.Too many are trying to turn it into a cashflow game to quit their day jobs.If you can deal with that, try to hold on and tough it out.Other options:1) See if you can wholesale a property to fund your Reserves2) You could do the same thing with a Flip3) Perhaps explore converting one of your properties into an STR to generate more cashflow

If this was your primary residence, I would highly recommend selling within 3 years of converting to a rental to maintain the section 121 tax free gain on sale of a primary residence (250k exclusion for single and 500k married). 

Converted existing studio to legal ADU.

I currently have a 3 bed 2.5 bath LTR and am intending to convert it to an MTR.

Another option we've toyed with is saving to buy our next primary residence in a few years and converting our current home into the long term rental.

Live in the converted garage and rent out the other rooms house that cover nearly all the mortgage.

In reality, the IRS has WON in tax court converting passive LTR to STR!