What has been the conversion of those leads to signed opportunities?

There are two, one bedroom apartments on the second floor and first floor is currently being used as a convenience store.

I’m new to BP and looking forward to connecting and contributing to the conversation.

Quote from @Kornelius Friske: We have a STR located in peoria AZ. it's 6 beds (garage conversion) and about 3900 sq ft in total. our energy bill last month was $450 and has been hovering in the $350-$450 range since we went live in august.

My starting questions so far are* If zoning allows multi-family, would I need any zoning approvals for a conversion?

They are always leased here even for the corporate stations where they have a convenience store, a Popeyes or the like and a car wash.

I think new builds don't really work from an ROI standpoint, but if you can find properties that have easy ADU conversions then the value might be there.I'm in MA and we just made ADUs legal by right, so I'm looking into the best ways to add value using them.

I have my personal emergency fund stored away in a HYSA, and am working to build up a15k property reserve as well, but am conflicted on where to keep that 15k. 

Again, the BiggerPockets store has some books on this topic, or you can learn about it by watching podcasts, reading blogs, and interacting on the forum.

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