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

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.

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

However, after seeing what we could offer in terms of amenities, location and service, they happily paid the premium rent associated with renting from us.I am not a natural salesman, but reading books on marketing, sales and hospitality has greatly improved my ability to convert a lead.

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.

While some lender will allow statements from other countries and will convert to USD, the path of least resistance here is to have your funds already in the US and create a US based entity to vest on title. 

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. 

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)...

We just discovered a crack in the concrete slab foundation that is a borderline major problem:- It is a vertical crack about 1/8 inch wide that is at least 9ft long, which is causing a 3/4 inch drop in the flooring and some evidence of old (luckily) limited moisture and termite intrusion. - BUT, it also appears old and probably a symptom of the original house settling.