I learned that I really enjoy originating notes and thought my services could prove profitable to other investors.I would like to start a full-service business where I help landlords convert their rental properties into low-effort and profitable notes.

I’m also curious if it's possible to convert these units into regular apartments, as this property is located in the NY suburbs.

Is it only applicable if I then try to rent out a basement that has been converted?  

Additionally, the owner is considering design plans to convert part of the upstairs into three apartments, adding further value and flexibility.I’d love to hear your thoughts.

I converted to long-term, have a lot less to deal with, and I'm only making about $2,000 less a year. 

If you look at the PadSplit website, they put up walls and convert the living room and dining room into more bedrooms, to fit even more people and get those high incomes. 

There is an unfinished basement which will likely be permitted to convert into an ADU but might trigger the installation of a fire sprinkler system ($30k).

Purchase price: $1,150,000 Cash invested: $300,000 Sale price: $1,628,000 Built in 1890, this Old Victorian was converted into a duplex in the 70's by a talented architect who made some unique and extraordinary custom design choices (read vaulted skylights) that made this property truly one of a kind.

In New York City, once bankrupt hotels find a new breath of life by converting into homeless shelters where the city pays them over double what their rates used to be.

Hi Amber,I'm considering a 2/2 that can convert to a 3/2 and a 3/2 in the Bay Pines area.