Convert the 24 LTRs into STRs. 

In the areas where it was a problem with residents you can already see people either converting them to long term rentals, if they can afford to do so, or putting their property up for sale.  

Hi Nicole, I'm interested to hear more about how you're converting two units into three - would you mind sharing with us?

To clarify, I have converted previous 401k (previous W2 employment) to Traditional IRA to now a solo401k for our business.

Now I converted my fha to a conventional loan, eliminating mortgage insurance.

Ultimately, this may work best because it will give you the freedom to rehab the property, stabilize it and then convert to a more tradition mortgage.

I have the option of purchasing my second rental in Nashville that can easily be converted into multi family but it’s the exact scenario mentioned above.

I purchased a property as my primary residence in 2006, converted it to an investment property in 2009, and then moved back into it in 2016.

But I know many people that buy non conforming SFHs converted into 3-5 units for 600-1m and do well.

I will never convert any of my rental properties into a personal one - which is when I thought holding it under an S-Corporation will create a tax impact.Can any accountant in the forum give some feedback on my holding rental properties under S-Corporation?