You can convert to a third rental down the road if that day ever comes.

Renovations were mostly cosmetic but included a new roof, windows, siding, front and back porch and patio, new flooring, paint, kitchen, bathrooms, fixtures.

Windows are often also a point of contention. 

Does it need to be converted back in to a rental after your 2 years to qualify for a 1031?

Loaning to an LLC is much more difficult, conventional loans are out the window, and most CUs won't be interested.

New roof and gutters, updated vinyl double pane windows, resurfaced parking lot, and upgraded main water line.  

Hi Shay in Atlanta, Georgia-You are planning to renovate an unfinished basement, close up a carport/renovate into a living space, and convert a closed garage into a living space and wonder if you need to obtain permits.It looks like you are planning to live in the property and rent out rooms to others or house hack.I would always get permits for the following reasons.1.

The rule of thumb is that you need to do this for at least a year before converting the entire property to a rental.

Ultimately, we let the 45-day window expire and took the net proceeds as boot because we identified a handful of Opportunity Zone investments that were pretty attractive and met the needs of the investor.We then identified a basket of OZ funds with various business models to diversify risk.

You do the math.Plus all the the exterior projects: new siding, new roof, building out eave returns and soffit overhangs to fix the poor curb appeal, un-converting the attached garage, driveway, retaining walls, the detached garage, 144 truckloads of fill to create a front yard, landscaping...