Has anyone in Austin been doing this recently?

The best thing to do is to put each property in it's own LLC.

Cash flow is gravy but don't count  on it.

I agree it would probably look great having a loft.

@Ryan KonenThat is a significant amount of leverage and can make it very challenging to make $ on.

@Sequoiah BriseñoYes, but it is too late since you already paid them. 90% of them will refuse to share their tax IDs with you.

While residential development is generally restricted in these areas, there are specific circumstances under which it may be permitted:Special Mixed-Use Districts (MX): In certain M1-2 zones, residential use is allowed when paired with a residential district under the MX designation.

@Gary R UrenIf the property is zoned for only one home you most likely will not be able to do thisPossibly it could be 123 main st unit a vs b but that is a post office issue and good luck dealing with the post office on this issueI would talk to them and put to mailboxes in the front and see if they can separate it by A and B unit

Congrats on selling the home and getting something out of it!

That's it, that's all you had to do, explain yourself.