Does it convert to common equity?

We estimate that the property is nownworth $950,000 to $1,050,000 (based on comps) - we gained approx $500,000 in equity by converting this into a commercial property!

If I'm understanding correctly, there are also additional tax benefits to fixing up/renovating our primary residence after we have converted it to a rental?

Options The crazy thing is that using the strategies and techniques I have just discussed does not have to increase risk, unlike property development, rehab, land speculation, 80% leverage, or converting residential to commercial.  

Find a home that enables you to convert an existing space into an ADU, near a level 1 trauma hospital and rent that out to traveling nurses/residents.

There are at least 3 or 4 people who have courses on it so it is a real thing.It is closer to STR that LTR because they are always furnished and can easily be converted to STR if you have a gap in bookings.

How much of the capital call is going to renovations$2.9M Loan - Will this loan be converted to a contribution by the sponsor or is the capital call going to pay back this loan?

It costs about $2000 in Destin, FL for instance to convert a regular residential use to STR use permit if it's the first time the house being coverted for usage.

In addition to this, I own a property in Plantation, Florida, where I’m exploring the potential to add apartments or convert it into a multifamily unit.

I've been considering the possibility of converting the property into a sober living home.Does anyone here have experience successfully operating an investment property as a sober living home?