@Eric Flanagan - Are you converting the existing structure to condos or tearing it down to build new?  

Then you get an email with the summary, and can convert them easily into an active tenant in your PM application tool without having to re-key anything (are you using management software, right?).

I'm under contract on a SFH in South Florida, and the carport was converted to an extra room, which I think is fairly common.  

I have lost $1,000 in a few days from the market dip which converts to $33,333.33 less house buying power for a 3% down Mass Housing loan. 

And with my openness to all people I have learned how to convert transaction to long lasting relationships in this real estate business and beyond.

For example: •Raised private capital for various deal makers who specialize in fix and flip single family residences•Assisted in converting unique San Francisco multi-family units into tenants in common•Joint ventured and partnered with local investors to purchase multi-family units and trustee sales locally and out of state

I have slowed down purchasing more properties as I convert the remaining 12 properties to Airbnb.

It is 2600 sqft, would be a 4/2/2, adding about 50k in value by converting it.Question is, what will be required to convert that legally?  

Would your city allow it to be converted into a triplex?

So I think what I would do in your case is try to get the home converted to a 3 bedroom.