This way hopefully rents have gone up enough when you convert the property you are living in into a rental that you are getting some cash flow.I would speak to some lenders to see if you could still qualify to get another mortgage to buy another property if you did a cash out refinance.

If so, How do I go about converting my checkbook IRA from my SD IRA company to a 401K account?

If you have an old building and most other buildings have already been converted then tenants likely already conditioned to pay in the area.

You are not going to get much unless you can convert it into a loan assumption and then you can make a little more.

I converted one from my family's primary residence to a rental and purchased the second to be our primary.

Personally, I think having the license makes things much easier for me as an investor and leads to more opportunities through my network and when I come across deals that just don't work as an investment I can always convert it to a listing, rather than having to refer it out.

Developers dream, 33+ acres with two homes, could be converted into community development What made you interested in investing in this type of deal?

I was wondering if anyone has ever used an FHA mortgage for a single family home, then while living in it converted it into a multi unit property to actively rent out.

Bear in mind that many Opportunity Zone areas are in low-income communities, where there is economic distress.One way to analyze investment potential in a worst-case scenario is to convert different possibilities into hard numbers.

However, since I have capital constraints like everybody else I am pursuing a strategy that creates capital on the active side that can be converted to LP investments over the next 10 years.