@Andrew Postell Yes it doesThe whole point was that I wanted to buy a house which is inexpensive and convert into an airbnb a year down the line and obviously if I have  a pool with a nice deck it would mean more bookingsExample buy a house without a pool for 300 k, live in it a year and have the pool put in and then change it to STR and move out and buy another house ..

On the other hand, you can repeat the process every year through house hacking and rent out your current primary house by converting it as a rental and acquire another property.

If she sells it, same penalty applies (unless she times it closer to when the term is up for her mortgage).I agree eviction won't work and putting money into converting it into a duplex isn't a good idea right now.

An alternative is purchasing a SFH that has a casita/guest house built, or a SFH with a shed/detached garage that can be converted into a casita/guest.

I am trying to convert my SFH into an up/down duplex.

We are evaluating conversion of our Condo Association in NV to an Townhouse Association. the condo buildings share roofs and vertical walls i.e. they are attached side by side. We are evaluating this to reduce our HOA...

What happens if, in the next few years, we decide to move and convert the 2-BR unit to a rental unit?

The property is currently doing two long term rentals and I live in the 3rd unit, but I plan to convert two units into STRs this summer.

I'm a pilgrim now but converted our office basement into a 2 bed unit and lived there for 7 years while scaling the business.How many investors do you work with?

For rental income reported on your schedule E, a different calculation will be used.Your current primary residence can also be converted to a rental.