Secondly, I don't think it's ever NOT possible to do direct deposit - my rentals are all on electronic payments, it doesn't have to be direct deposit but you can easily convert your tenants into electronic payments.

Can you verify that the building can be converted to mixed-use prior to purchase?

Hi all - I am currently in the process of renovating my basement to convert it into rental property (most likely a short term or vacation rental, although I wouldn't be opposed to a long term rental if I could find good tenants).Among other things, the ceiling needs to be replaced.

In addition, the garage already has dry wall and I think in the future there could be a possibility of converting it into a studio. 

https://imgur.com/a/xH2VmCD?fbclid=IwAR0YNIjLZRGQCTStaNuCRmvZw30mr86AbSzT_cSwYD74nxPYQbT2wACEIOU
He spent about $25K on everything and it took him 4 months. He started in March 2019 and Opened in July. We were going ...

Hoping to do 75% LTV loans and convert ownership from personal to LLC (have been slow to do this due to the silly state taxes for deeds in Florida). 

I'm budgeting for $50,000 in repairs as a buffer in case things go sideways.Here's the overall numbers (please reference the calculator above for more details):Purchase Price: $200,000Repairs: $50,000Expected ARV: $300,000 (based on comps selling in the area).Expected Rent: $2,700 (I can convert the property into two units, bringing in around $2,700 / mo total)Initiate PurchaseDown Payment: $50,000Loan Amount: $200,000Loan Fees/Points: $1,901.00Amortized Over: 30 yrs fixedClosing Costs: $5,468Loan Interest Rate: 4.975%Total Cash Needed at Purchase: $57,369Refinance after 7+ monthsLoan Amount: $240,000.00Loan Fees $4,850.00Amortized Over: 30 yrs FixedLoan Interest Rate: 5.000%Monthly P&I: $1,288.37Total Cash Invested: $20,476.46 (I'll get around $30k out in cash).Would this be an investment you would make?

I also converted it from a 2 bed 2 bath, to a 3 bed 2 bath.

Hello BP Community, I am interested in converting a home in Phoenix, AZ to an ALF.

I personally pay for the pool since my son lives on the property he enjoys using the pool and if I was to convert the MF back to a SFH the pool would add value.