But I’m still not 100% sure which is the correct answer...

Quote from @Ivan Terrero: @Mostafa KoperlyMSO's like DSO's look for opportunities to exploit nationwide because they are backed by PE.That’s correct.

I agree with you, that for my first property, I should be picky and make sure I do it correctly.

I suspect this is in a C/D area, would I be correct?

It'll increase your equity in the home, and if done correctly, you'll be able to pull out your funds in 6-9 months and get a second property going.

Sometimes the housing agencies help to correct behavior of a tenant who is violating a lease.Cons - The biggest con is just government bureaucracy.

From my basic understanding it would make sense to change it to a rental and then do the remodel so I can claim depreciation on my cost, is this correct or not? 

If that transaction would destabilize the bitcoin market I would have already cornered the market gotten rich and then popped the bubble because I am tired of hearing about bitcoin.Let me correct a few things.1)  bitcoin is not a currency.2)  There fact you cannot simply take a loan in dollars against your bitcoins might be a sign of a problem.3)  bitcoin is not taxed like a currency.  

Assuming rents will increase surely it will cash flow at some point correct? 

Quote from @Robert Quiroz: Quote from @James Hamling: @Robert Quiroz I need to correct your notion that the MFH is "better", as is stated in a manner that seems to be a type of state of permeance.