And I had done with Allen recommended when I converted my first LTR to MTR.

Rarely is the pursuit worthwhile unless there's insurance money available or assets that can be converted to cash.  

This decision was not made lightly and comes after thorough deliberation and analysis of our current financial position.This requires us to exercise our right to convert your Note and issue equity (aka membership interests) in Norada.

I will be converting it into a 8 bed 3 bath property.

Interesting to see how feasible this will be. 

Starting to consider whether to convert one of my LTRs to an STR.

What i do know is i will convert $300k to roth at an estimated 23% fed this year.  

QIP can be bonus depreciated.To maximize deductions, consider waiting to make improvements until after the property is converted to a rental.

I'm considering converting the shed into a DADU to maximize the use of the space and earn some extra income. 

I was intending to rent out the upstairs 3/2 as an LTR then convert the basement to a unit for myself half the year and rent it out as an MTR (midterm rental) when I wasn't there.