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.

I would like to know how to convert my 2 units single property to my LLC?

(The argument about "74% of your first year's payments going towards interest-only" is completely irrelevant, because if you converted the whole loan to a first position HELOC, your Lender would still require the same - if not more - money out of your wallet each month, and you'd only be accelerating your pay down if you were forced to pay it back quicker, or if you volunteered to, because of all your excess income!)

Many of them found great success after their 1-2 years because many of those clients who were leasing ended up converting to homeowners a few years down the line.

The grace period is meant to be used to convert them to legal ADUs as well as to not remove safe unpermitted units.  

There are two reasons to convert.

There is no statutory holding period before you convert an investment property to your primary residence. 

I just got an estimate of $180,000 to convert existing space into a 3 bedroom apartment.

What we have noticed is that sooner or later, most of the homeowners end up converting to full service.