Would you buy a property near a flourishing university with the intention of converting it into a student rental, if the general trend of property valuation is stagnant or slightly decreasing?

There is no info outside of you figuring out a way to convert 66k into $1mm.

If so, it can be a matter of just converting more of your leads to actual showings.

Hi all!  I'm a very new RE investor who has a full-time job I have no interest in quitting.  However the idea of building a stream of passive income for retirement is really appealing.So I'm wondering for my first pro...

When you converted it to a rental property did you file a change in status at that time?

Many of these homes are SF that have been converted to 2 family over the years allowing for pretty weird floor plans. 

You can buy a bunch and convert to commercial, just make sure to claim them on taxes on Schedule C as a business rather than Schedule E (and talk to a tax pro before doing this).

My lengthy post above explained why that’s not necessarily true.Hopefully, I made my point that moving into a property does not somehow convert a properly originated business purpose loan into a consumer purpose loan, thereby getting your lender into trouble.Of all you wrote, @Bob Duke, the only relevant fact to me is that you signed a document agreeing not to move into the property and that was a condition of your loan.

Try to convert the ones you wish to keep sooner and the ones you don't want to keep you leave them alone LOL.

There is a good-sized garage in back that I am considering converting into a 1 BR apartment.