I’d like the flexibility of an STR but got comfortable with the risks of local government pushback because I can convert to LTR.

I've seen folks create their own management company to convert the Schedule E income to Schedule C (or w-2 if it's an S-Corp), but how does being an agent help with that? 

My husband has 100k in a sep IRA that we could convert. 

There are 30 year fixed rates or 40 year fixed terms with 10 years interest only before converting to a 30 year fixed.

Some investors opt for larger homes with more bedrooms, while others convert existing residential properties to fit more people comfortably, ensuring they meet safety and accessibility standards.One thing to consider—smaller operations like RAL often rely on word of mouth and local reputation to fill rooms, so community engagement and relationships with local health care providers are key to success.PS: Fun fact—by 2030, it’s projected that more than 20% of the U.S. population will be over the age of 65, which makes senior housing a high-demand sector for decades to come. 

I converted my primary residence into a rental property three years ago.

Hi Dylan,Your strategy to buy a townhouse for $260,000 with an initial $9,800 investment and live in it before converting it to a rental is a financially savvy move.

The new owner had it from 1986 to 1997 and when he sold it they listed it as a 1 bed apartment (according to the MLS listing from 1997), so we are pretty positive he converted it during his ownership. 

Usually, lender review the internal photos as well to ensure it can be easily converted back to residential use easily as well.  

To answer your other questions, you would be able to charge more for the additional space, but I would think that would be negotiated when you make the modification allowing them to convert the drive through space.