@Grant Viola  I just finished de-converting a 1906 house from a 2 unit back to a SFH and the floors had similar issues. 

@Anthony ManninoTax assessment is not a good indication of what the fair market value of a property is.Figure out the fair market value by looking at comps of similar properties recently sold in the area.I would also assume that when you purchase the house that you purchase it assuming that it will always stay a 2-unit.If you can convert it to a 3-unit, great. 

I'm looking at obtaining a construction loan to fund the purchase and rehab, then convert it into a traditional mortgage. 

The community consists of two and three-story residences that average over 1,700 square feet and include separate dens that could potentially be converted into a bedroom.

I recently was approached by a tenant to convert their lease to a rent to own, it sounds great because there is a ton of deferred maintenance on this property.

Hi all,Im about to close on my first flip property and am trying to decide between converting the property into a true 2 bed 1 bath, or keeping the property as a 1 bed 1 bath, but opening up the walls to have a large open plan living space. 

The garage will be converted into 2 units of 1bed/1.5bath 660sqft each, I believe that we are going to rent each one for $2k/month w all utilities and internet...

Then it converts into a regular loan and with a pay off period.

It can easily be converted to a 4/1 because the rooms are already framed out, just need to change out the windows in each room and make them egressed per code.

, convert it to condo apartments like they do in philadelphia or same-house rooms for professionals maybe even STR like $1500/month per room or whatever you can get, with trusty management or turnover person so it’s kept in tip top shape.