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.

yeah I definitely have some capital saved up however I read online that va home loan is a decent way to start off and depending how much equity I have in the home I can refinance it to convert to a conventional mortgage.

In 2019, I refinanced and converted a barn into a small house on the back 1/2 acre that cost me $80k.

Purchase price: $175,000 Cash invested: $30,000 Convert 3 Family Unit to 4 Family Unit.

I’m curious about pulling it all out and converting it to a self-directed IRA, or self-directed something so that way I can use it to purchase my first rental property.