do you add bathrooms and convert the garage to rooms as well?

Eventually you would exit (sell) and that would have more equity to make a profit after the cash flow losses or the investment generates positive cash flow in year 2,3,4 etc.

However if you didn’t calculate in at least some percentage of the rent for vacancy, repairs, and CapEx then eventually things will happen, such as a vacancy or a repair being needed and you will be out of pocket a much larger amount of money than just your $400.

I would like to buy a multi-family and convert into micro units to maximize revenue.

Convert them into income machines!

For those who missed the initial buzz, the delay could provide a second chance to enter the market before real estate prices surge when the plant eventually opens.

Move in, then eventually move out then purchase another 1-4 units as owner occupied, then move in and out rinse and repeat as they say.I'd be happy to discuss any financing options, whether owner occupied properties or investments properties I can help.ThanksCraig

She’s currently not paying rent, and while she has some health issues and no stable income, she’s been communicative and open to general talks, with a possible option to vacate through a cash-for-keys arrangement, though this might take around six weeks and some hard work.I plan to rehab the property and eventually rent it out, potentially to a Section 8 tenant.

Unless an investor uses a non-recourse loan the liability remains with the owner personally vs in the DST and invested into other large stock exchange companies which have the liability.6) Convert an illiquid asset, like a business, primary home, art, collectibles or commercial real estate, into a diversified portfolio of liquid investments.

Just a quick comment and recommendation about Roth conversion: Never convert cash into Roth; if you do - 100% of the cash converted is taxable.