In the long run as more larger spaces get re-purposed into smaller spaces at higher rates per sq ft the NOI should surpass greatly where it was before.

I would like to attract leasers re-purpose the room space into Tech.

Classic Rich Dad Poor Dad move, I know.The “old” people in my life were all regretting their younger years and talking about how they can’t wait until they retire at 65 to go on a cruise with a hoard of other 350lb diabetic retirees.

There are ways without a POA and it's just classic creative real estate.  

If you feel the need for a title, you can just put "Real Estate Investor" or something similar.Get a small number printed up for free/cheap - Vistaprint is the classic recommendation but there may be others doing small runs for free/cheap now too.

I do see converted older Victorian homes repurposed into multi-family quite often.

There's a classic book on negotiation that says that your ability to dictate the outcome of any negotiation to your advantage is based entirely on the strength of your alternatives to the negotiation.

.- Then, in due course the HUD DE underwriter was getting ready to close it out, was half-attentively working through the 50 FHA worksheets and forms and paperwork nonsense, getting ready to issue the "Cleared to Close" and allow loan docs to be sent to title... when one of these 50 FHA worksheets, the HUD FHA Flip Cert (it's called something like that), started blinking red at her.It's your classic example of "the sooner you tell the lender, the sooner it can  be addressed, rather than it being a last minute surprise to everyone."

It has historically been used as a storage room for the owner, but we would like to repurpose this room in a way that increases NOI.Unfortunately, local zoning rules do not allow for this to become a studio/fourth dwelling unit.

This is a classic case of "i suffered a huge loss because i made a bad purchase, and im going to offload it to someone else now, but first lemme see if i can turn a profit"Comparable properties in the area are selling at a way cheaper dollar per square footage as well.