As LP investors, you pay us to convert opportunity into reality, and that is what we are doing.

If you can find a place where the HOA or COA is flexible and you are able to convince the membership to go into development and perhaps convert the property into a co-op you could build a new apartment complex with commercial rental spaces on the ground floor and residential spaces on the top. 

This extra road frontage now also qualifies my property to be able to be legally converted into a triplex from a duplex.

Sellers cannot sell so they convert them to rentals.

During escrow converted it to a Roth and paid the taxes.

Any investor or developer buy raw land lot (zoning code G) and go through the process with the city to convert to commercial use?

I really like having multiple opportunities to make income from 1 property, including a worst scenario of converting all the units to LTR. 

We are planning to purchase a home and convert it into a community living space for people in recovery.

When I encounter this type of client, I do everything I can to convert them into one of the previous clients.First thing I have them do is run all their income and expenses through a separate account instead of their personal account. 

Which is why you may want to consider starting in multifamily and convert them to airbnbs which is what I did for a while.Best of luck to you.