Converted the apartment to a full time rental property, up till now, where I just got this feeling that it's likely better to sell and re-invest elsewhere than to keep it as maintenance costs are starting to rise, and the complex's neighbors are starting to degrade.As a result, I think I'm about to get thrown into the deep end of having to do a 1031 transfer as a first play into doing RE investment, so there's some sense of urgency as well, which is not comfortable.I'm by no means a pro, and by day I'm a full time manager at a startup, running technical sales.

Then, you need to figure out the cost to convert the whole building to electricity and determine by how much you'll decrease your energy expenses in order to make sure you have a positive ROI. 

Even a fixed mobile home on owned land that has been legally converted to real property still has a depreciation schedule wildly different from the overwhelming majority of real estate situations.Secondly, you say that CoCR cannot handle any scenario beyond the first year.

In most states the landlord tenant codes have leases automatically convert to M2M at end of term.

When you are investing your time, actively marketing and pursuing leads, you will NEED to know what steps it takes to convert the leads into deals and paydays.Now, with that said let me answer your question.

@Mark Shelstad oh you're right i wasn't thinking about that. 2 of the rooms had new wiring as it was a 2nd living room with no power we converted to a bedroom and office.

So if the numbers work out maybe that 4 unit can be expanded. ie: convert existing structure to 2 units and add 2 units. might make sense number wise, you are already doing a big job.Question is price and upper limit in your area.

ARV should fall 65k to 70k.I have the ability to convert another room to a 3rd Bedrm, and there will be room to add a small full bath in the new 3rd bedroom.

Converting to 2 family dwellings has been allowed without the need for a zoning amendment across most zones in the city, but converting from 2 to 4 family dwellings will require a DE zoning I believe. 

Each year, I make a prior year non-deductible IRA contribution and then convert to a Roth IRA - i.e., backdoor Roth.