Once you have a ton of equity, then it makes sense to convert it into a more traditional cash flow market.

I will be doing all finishing work, Converting a 1/2 bath to a full bath, and Landscaping.

lower the size of your unit and therefore your build cost per unit, your sale price will go down but focus on density and get familiar with zoning and what your city will approve. my best suggestion is to do it in downtown districts where there is unlimited height and unlimited floor area and you can build every square inch of the property and reduce parking because of proximity to transit. property values are higher, rents are higher in downtown markets, there are just too many economies of scale compared to suburban deals.

Good evening, 
I have a SFR in Miami dade county and this is the zoning info from the county website:
Land UseMuni ZonePA ZoneGENERALRU-2 5700 - DUPLEXES - GENERAL
From the county website I was redirected to: 

...

So if I convert the regular 401k money to ROTH at the conversion and "pay taxes now" on that converted amount - is it possible that the taxed owed is zero if I'm converting in a future year when I have no corporate income (and my RE income is zero net of depreciation)? 

With so many municipalities imposing stricter guidelines for STRs, we are seeing a lot of STR hosts converting to MTRs (which I would argue is trickier than it might first appear).

No matter what you do I think you really want to consider renting it out for at least a year to convert the ($130k minus $13k in closing costs, minus $80 cost basis = ) $37k in profit from regular income down to long term capital gains.

Give an inch, take a mile.

I converted my garage to an ADU and now my main house is considered RSO unit since it was built before 1978.

And that could be a few years away, so you'll be losing $$ until then.Could you convert them to medium or short term rentals to boost cash flow?