they will not usually do garage conversions.  

I am not an expert in any areas of lending, but I think the best idea is to talk to multiple lenders and polish your conversation.

While I don't see it on the IRS tax information, if I remember from the conversation with him, I think you have to buy properties that need significant improvement. 

. - I finance conversions, hence, I represent investors/developers who will purchase if it meets their parameters. 

You might want to join groups or forums specifically for private lenders—BiggerPockets is obviously a great place, but local REI meetups or masterminds could also help.Also, consider sharing insights or case studies from deals you've done (if you're comfortable) to spark conversations.

Conversely, if you invest on the east side of Cleveland, your numbers could show impressive cash flow.

It would be a great conversation to have with your tax advisor and financial advisor for the solo 401k. 

Or the tax event also occurs at conversion....idk just thinking.

Very helpful, think this is a great outline of the main steps one needs to take for MTR or even STR conversion! 

Conversely, those who just wanted to relist without any repairs, or continued to try to increase rent despite the market shift are struggling to find tenants.