Am I able to take a single family property and transform it into 2-3 units?

As part of the process, we will transform an average, unfurnished property into a high-end, fully furnished corporate tenant-ready home.The platform is far from complete and we’re currently validating our assumptions.

I could see malls of America transformed into greenhouses, used as urban oasis for congregation.

There is a specific exception in the Internal Revenue Code for rental activities, so self-employment taxes will only apply if you transform the activity into a non-rental activity (by providing substantial non-rental services).

They have loved the demo work and have been amazed themselves at the transformation and what they can accomplish in an afternoon. 

It is our intention to keep adding rentals to our portfolio  for a while, as we are well-suited to owning and maintaining buildings, and we really enjoy the process of buying ugly properties and then transforming them into something that can bring us a really regular income from renting them.  

Also, Brookland Park Boulevard is undergoing a transformation near Chamberlayne Avenue that may help Highland Park as well.Still, I don't like to bank on appreciation with real estate investments and I don't think that the housing stock in Highland Park will lead to the high end renovations going on in surrounding neighborhoods.

That way you are transforming what you are currently paying in rent into equity, and getting some experience investing.There are also tax benefits to this.

It has potential in a transformed location.  

It has potential in a transformed location.