Costs may disqualify the opportunity even though in theory it can be converted.I believe its important to set expectations and if this is an 8 bedroom RSA5 home just as an example you very well could be looking at a building that's obsolete and again even if it is RM1, depending on the costs of the conversion, still potentially obsolete.

Just keep in mind, the costs of setting up and maintaining an LLC and the bank account that goes with it, not exorbitant but important to consider.I'm not a CPA or an attorney, but I would suggest taking the time to diligently put together a trusted team to facilitate your long and successful investment journey!

@Rod Merriweather The local bank’s offer looks like a good move, especially since it helps clear your HELOC, gives you cash, and sets you up for a commercial loan to free up your DTI.

This year, when I listed it for sale, it got multiple offers, and we set a new record high price of $705,000 for ~800 sf.

You will subscribe to a higher code of ethics, setting yourself apart from the rest, particularly those that just dabble in management.3.

I even tell them to reach out to me if they have questions, knowing only a few will actually follow through.And that’s what sets high performers apart from the rest: taking action when most people hold back.If you’re just starting out, remember, one conversation could change everything.

You'll probably need 2-3 batches and multiple pours following the directions and setting time. 

If that happens, then you will need to set aside certain funds as "band aid" to stop negative cash flow bleeding.

I had a decent set of renters that are leaving after their lease is up at the end of this month.

You're welcome Anish.Every investor has a different risk tolerance, financial situation and set of financial goals.