That's how Swany did it, if his condos in Ohio not in San Diego, he couldn't later 1031 into apartments. the difficulty is to convert dead equity to cash flow.

Should you convert the attached 1-car garage into additional living space?

During the downturn, the floreclosure wave hit Crete hard and some of its housing was converted into section 8 housing.  

When you refinance a property, it's already in service, thus no adjustment to depreciation.Special rules apply to primary residences converted to rentals.You should understand how refinancing a property will limit your ability to write off the interest.

I might add, when I was trying to sell initially (at a loss), it was not yet converted to a rental property.  

, unless you build your breakfast bar up above the stove a few inches.

The reason why I'm still considering it is that my longer-term strategy is to convert the current water heater closet into a half bath, and THAT will result in higher rent for sure.

And he converted it to a 2 story, 4/5 bedroom, and 3 bathrooms with an added study.

A recent post that I wrote discussed exit strategies on a property that we’re converting from a 2 bd/1 bth to a 5 bd/3 bth.

Centrally located.Two 2BR/1BA, one 1BR/1BA converted garage.