Painting walls, updating fixtures, or handling minor repairs yourself can save thousands upfront.Consider Your Exit Strategy: You’ve got the right idea;house hack for 1-2 years, then convert the property into a long-term rental.

Then, run a rental stress test on the new STR assuming a worst-case scenario—like converting it to a long-term rental with a 30% cut in future rents.

3.If a tenant with pet moves in and wishes to convert the pet to ESA or SA, is landlord allowed to deny the request?

Rick, I am preparing to convert a detached garage in Anaheim into 2 bedroom ADU.  

For example, if market rent was $2,000, I might offer $1,900 and $1,950 for a 2-year lease to start.My leases convert to month-to-month at the end of the term.

And once you convert it into your primary residence it is no longer eligible for a 1031 exchange. 

Converting the basement to a living space to make a duplex.

From our experience, every requester puts in the lowest possible rent ("<1200"), so they immediately take themself out of our match criteria, and we don't get a push notification.Since many of these potential leads actually have converted to renting with us, we check FF at least twice a day on the app and reach out to people looking for housing even if there is a gap in the match criteria.   

I converted it from Google Sheets and I can see a few formatting issues so sorry in advance.The columns with the red header are scenario 1, and the green header are for scenario 2.https://www.dropbox.com/s/gzvdujsmx9b5si9/Mortgage...I hope this finally puts the matter to rest.

IDEALLY, we would like to find a property that has or is capable of being converted into a “mother in law”, “ADU”, “Casita”, or any other separate living quarters in which we could rent out the main portion to a tenant (short term or long term) and then use the separate space as our own for when we come and go with business.