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

so converting US dollars to CA dollars then getting paid off about 4 years later the CA currency rose a bunch so not only the 16% interest on the note but the exchange arbitrage.. might be time again to find some good loans there. 

Interesting to see how feasible this will be. 

My worst story was while I was flipping a house with a converted garage (no permit).

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.

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

It should be as easy as converting one conventional loan that cashflows well to a Debt Service Coverage Ratio loan or DSCR.

Vacant land or small property that will be converted to 23 units?

I would like to pass on a little bit of useful information for anybody thinking of converting their permit over to owner-builder. 1 - You will not be able to sell the property for a minimum of 365 days from the date of issuing of the CO. 2 - The property must be for the owner's own use and occupancy and not for sale or lease which means you will not be able to rent it out. 3 - The owner-builder must ensure that all employees working on the project have the required licenses.4 - The owner-builder must provide worker's compensation as required by Florida law.5 - To apply for the owner builder permit, you must physical visit the building department.There are others requirements and conditions, however these are the main items.

We converted a old restaurant on the property to a coworking lounge, redid the pool and built out the roof to a entertainment center with fire pits, lounges, bubble chairs, barbeque, large screen TV, music, yoga mats and amazing views of the ocean and city lights.It is designed for coworking/coliving for business professionals and entrepreneurs who want to...Live where they work.