There is a larger one moving in...converting a warehouse I believe.

You're early in your REI career and both converting a primary to rental and doing it long distance successfully  as one of your first REI gigs isn't the easiest.2.

When I converted the property to a rental, I stopped paying extra principal and was able to open a good-sized heloc. 

@Sarah BuchananAgents don't determine square footage.Tax records are a good place, but often you'll find that they're out of date if the owner decided to enclose a porch or convert an attached garage and didn't tell the tax assessor about it.

View report*This link comes directly from our calculators, based on information input by the member who posted.Im thinking 80- 100k to convert it. not entirely sure though as im a bit green for this big of a project. please advise

I think the general converting some capital into some cash flow/money is what you've done if I'm understanding your numbers a bit. 

And the 70 GTO convertible we had in the late 90's.Sorry, I'm of no help.

Assets that can be quickly converted into cash are considered "liquid assets."

I do not want to nickle and dime tenants to up my cash on cash return by 1.112133551678%.That being said, I am starting a renovation project converting a SF to a duplex. 

I'm at a point where I could probably consider myself financially free now, but it would probably take me at least a year or two to properly convert everything to core cash-flowing assets.