No income statement,  no balance sheet, nothing that can give you correct financial picture. 

Renting part of the home after conversion provides additional income and deductions.This post does not create a CPA-Client relationship.

On a commercial asset the value is directly based on the NOI (net operating income).

TheLoss of Rents is for the loss of Rental income if the tenants can not occupy the houseafter a covered loss.5.

Some may require a waiting period of one to two years before leasing is permitted, while others may prohibit rentals entirely as outlined in their bylaws.Always know the property’s potential for annual rental income and ensure the numbers work.

That can be excess income from your W2 job, or it can be a business you run on the side.

Take the proceeds and invest in a highly trusted Syndication or fund and enjoy the passive income.

Absolutely, the passive income from owning rentals is great but I also love getting into big projects and seeing the transformation from start to finish@David Jesperson What city/market are you looking to buy and what type of properties are you looking for, SF, 2-4 MF, or 5+ MF?

Michelle Wang,With all due respect, you should make plans to be in another business once you're out of Real Estate Investing (Residential, Income Property).There are Members of our MassRealEstate dot net Association that come crying to me about similar situations as yours i.e.

Hello, We have a triplex in a lower-income neighborhood in the Tampa Bay area.