Added a bedroom, converted half shower to full shower, etc.

Clearly these are just example numbers, but it is how I would look at it.And then layer in if refinishing all the 1 beds is a $100k renovation, but converting into a 4 units is a $150k renovation, now you are spending more money to create less revenue AND have a property worth less at the end of the day.  

Anything under $600 is likely a single home that was converted to a duplex years ago and has a 1 bedroom unit. 

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $55,000

Cash invested: $65,000

Sale price: $140,000

First complete renovation all but reframing--new electrical...

I have a CPA I work with who I’m sure will sort all of it out, just didn’t want to do something if it would cause a huge tax headache later.Do you know if you convert a STR to a LTR after a cost seg, will it cause a large repayment of taxes (I’m doing the cost segs to lower my W2 tax rate).

These will be converted to seller fi deals when I finalize the purchases.

You can achieve this by regularly checking the Search Terms report, routinely searching for your brand on Google, and pulling the actual keywords that are converted in your CRM.

"If I can convert that garage into an ADU" or "If I can figure out how to get rents higher..." 

@Edgar Perez so you would be purchasing residentially zoned 4, 3, 2, or single family homes followed by converting them into sober living?

Adding an ADU (which I know you made another post about this but the cash flow wasn't there), is one way or moving and converting your existing home into a rental is another.I would considering using funds you have to buy properties cash, get them up and running, and then do the cash out refinance (called Buy, Renovate, Rent, Refi, Repeat/BRRRR) in low cost states.