You can talk to many different IRA attorney's and CPA's on this topic and they are all going to have different answers based upon their view points.What I can tell you is that this isn't what would be considered the "low hanging fruit."

Juice has to be worth the squeeze.

We are super excited that our months of listening to podcast and research is finally bearing fruit, but since this is our first time we are trying our best to do it right and heed the advice of the many before us.

Some of the items he mentioned are:- - Dead mice scattered throughout the unit- - Mouse droppings on all surfaces including in kitchen cabinets, counters, stove- - Trash piles and mounds along walls- - A large number of live mice in the unit - the tech said he moved a bed that was in the basement, and dozens of mice ran out- - Fruit flies in every room- - Dog feces on the floorThanks in advance for any advice,-Rob

Given that you're local to Charleston, have you seen many investors make these conversions or is it less popular because there isn't enough juice for the squeeze?

., 26-foot ceilings, a four-lane bowling alley, a spa level, a movie theater, a 200-cap “philanthropy wing” for charity galas (with floating pods overlooking Los Angeles), a 10,000-square-foot sky deck with a putting green, FIVE swimming pools, a juice bar, a cigar lounge, a custom tequila bar, a hair salon, and a gallery with custom-curated artworks by Creative Art Partners.

I wanted to make this post to help get my real estate juices flowing again!

You worked hard so no issue with enjoying the fruits of your labor.I would just see what the benefit of building out the basement is financially vs living in the main home.

My accountant told me he'd kill me if I ever sold that first 2 family :)that has proven to be excelelnt advice  which funded additional propertiesAny member the BP community would be more than happy to  deliver information or guidance to help you along your path.best of luck on what will absolutely be a fruitful journey for you and your familyTim 

Think it'd be more fruitful to find a lender willing to do >75% LTV.It'll be expensive though in terms of interest rates.