If my target would be low income residents, are there any grants, tax credits, or funds available to help me with the conversion? 

I currently own a 1 bed 1 bath single-family house as my primary residence.

This process is done immediately if there is an asset they can show....the wrap note that is an asset.One of my coaching clients is selling his personal residence like this after he gets done with his forensic loan audit so that he can downsize.

Hi Penny i'm actually an investor that resides in Odessa as well and my realtor actually just sold a duplex recently and in that area they have several occupied duplexes and some for sale.

You can get into a home for little or even nothing down, perhaps add some value by renovation, then hop to a new primary residence in a year with little or nothing down, and repeat.

Investment Info:Single-family residence fix & flip investment.

I have a HELOC on my Texas primary residence and am considering a house hack for my next purchase.

However, are you planning to do a 1031 exchange, or is this a primary residence? 

Hey @Brett RiemensniderThere are a TON of banks/credit unions that will offer as low as Prime on a heloc on your primary residence.

I currently work with investors who are looking to begin their portfolio in turn-key real estate and manage for them on the back end so they can still enjoy their everyday lives while having a resident in place paying down their loans.