But if so, you don't have to convert your LLC to an S-corp (or create one) in December.

Most people are poor and can’t both develop the land and convert to buying the land from the government.  

I’m in the process of converting one of the units into a short-term rental and could use some advice.I’m trying to figure out if it’s worth using a dynamic pricing tool to maximize revenue and whether I should invest in property management software to help manage bookings, communication, and other tasks.Any recommendations or insights from your experience would be greatly appreciated.

Love seeing good things happening in a neighboring city.Curious, you mention converting this to apartments?

Yes, most lenders will require you to live in a primary residence before moving out, refinancing, or converting into a rental.

Most hit all the bullet points excepting:Spending $175 on renovation and adding square footage or unit count does NOT miraculously convert to valuation.

However, if you demonstrate that you're abusing FHA loans, such as getting a new loan after six months because you converted the property you just bought into a rental without a reasonable explanation, then you could have issues. 

It's just chaos.Suggestions above include:To not rebuild and convert the land over to parkland. 

You won't be forced to de-convert unless you have violations...eventually the city will start fining you.Very critical terms are non-conforming (no violations - grandfathered in) vs. illegal (violations)...

This class will include hands-on deal analysis and a tour with a contractor to learn how to convert a home to the optimal PadSplit setup.