Furthermore, it aligns with the growing trend of home improvements that enhance daily living while maximizing investment returns.

My name is Cesar and I am originally from Puerto Rico but have been living in Virginia for over 20 years.

I could see a requirement, perhaps under the Patriot Act, that requires all landlords to get a SSN/TIN from everyone living in a unit and report that (or lack of) to the federal government.

That’s when I realized I already had a strong connection to the Tampa Bay area—my aunts and uncles live in Largo, just 30 minutes from this home.

Cost of living increases are real.

Are you wanting to find something within an hour of where you live or are you open to something farther away?

Now you see how expensive dining and living rooms are that could be converted. 

The FHA rules/regs (in particular the FHA self-sufficiency test) are applied the same across all markets, and I know for a fact that in rural communities across the country, and big cities that are not particularly desirable places to live, it's not a deal-breaker, I am not commenting on those areas. 

I am currently in the market to purchase a tri-plex with the plan to live in one unit, make upgrades, and rent the other two out.

Those that own it can be harder to sell as the cash flow from the business will cover the debt service for the business, but not for the real estate.Example: I had a very high-end assisted living facility on the market.