The cost to convert would be FF&E (king frame and mattress, 2 to 4 stacks of bunkbeds or another king, kitchen table, couches, TV, etc.); albeit, high-end to match the area and client expectations. 

I ha e a few questions so on how to get started and some questions about being a landlord.

You can deduct mortgage interest and property taxes fully as they are deductible on your personal taxes as well as schedule E. 

Listen to the biggerpockets podcasts, real dealz podcastRead rich dad poor dad, e myth, 10x, Brandon turners books, and j Scott's books.

Rich Dad Poor DadRich Dads Cash Flow QuadrantRich Dads Increase your financial IQThe Real Book of Real EstateThe ABC’s of RE InvestingThe ABC’s of PMRich Dad RE Tax AdvantagesThe E-MythThe 4 Hour Work Weekhttp://flip2freedomacademy.com - free e-bookFlip2freedom episode 77[http://www.flip2freedom.com/a-3-step-formula-to-a-successful-balanced-and-insanely-profitable-2012/] - podcast - LISTEN TO THIS TODAY!

Welcome to the site @Nicholas E.

Rich Dad Poor DadRich Dads Cash Flow QuadrantRich Dads Increase your financial IQThe Real Book of Real EstateThe ABC’s of RE InvestingThe ABC’s of PMRich Dad RE Tax AdvantagesThe E-MythThe 4 Hour Work Weekhttp://flip2freedomacademy.com - free e-bookFlip2freedom episode 77[http://www.flip2freedom.com/a-3-step-formula-to-a-successful-balanced-and-insanely-profitable-2012/] - podcast - LISTEN TO THIS TODAY!

It is at WeWork on E 23rd St. 

^^Thanks to the BP Community as always, including former virtual speakers:@Joshua Dorkin , @Brandon Turner , @Ali Boone , @Engelo Rumora, @matt fairclothThanks to all our meetup members who are also BP members:@Sandra Roddy, @Dustin Karns, @Paul Wurster, @Jacob Michaels, @Katie Kim, @William Strong, @Natalie Heo, @Dominic Jones, @James Wise,@John Kantola, @Robert E.

My notifications are turned on but I am not getting the e-mails.