I'm currently  converting a 2/1 to a 3/1 .

@Adam K. the buildings I'm looking at are mostly 3+ family, looking to convert to multi-dwelling.  

If folks are pointing you in the right direction, it should be much easier (saving time) to locate high-converting prospects. 

Have you considered converting to a vacation rental?

You would certainly qualify for a 1031 Exchange after you have converted the property into rental property and held as rental property for a period of time. 

If you can swing it, get into a SFR with a basement and convert it to a studio.  

They automatically convert to 30-year conventional loans at good rates after the project is complete. 

The basement has been converted into a 1BR apartment which will be my residence if I decide to purchase.

Often times it can be converted to real property, however you then start paying real estate taxes instead of property tax, which is usually more expensive.My experience is that any park I would feel comfortable doing a deal in will not allow rentals (their way of preserving the quality of the park with some pride of ownership) - in that case it would be doing an asset flip, or a seller financing the asset.  

a 2 bed 1 bath houseI need some advice , as well as what I can expect please.... once I add a closet , as well as put in an operable window in one of the rooms of this property I am trying to buyA quick backstory :I p...