I am looking to purchase a historic house converted to a 4 unit office building right in great trendy downtown area - I would be converting it to 6 spaces and using one space for my own business.

Your choices are to either convert it back to a two prong outlet (not ideal with many electrical appliances now needing 3 prongs), wire the house correctly, or put in a GFCI at that outlet (which can get costly as well).

Three short-term rental units (after converting the main house): $50 x avg monthly income. 

Hey, I have looking to convert a zoned RM1 single-family to a multi-family and understand that I would need to complete a Use Registration application.Question: Do I need to include the existing floor plans with the application, or just the plans of the changes?

Need demonstrate that you can convert these homes in an agricultural town growing onions and turn them into gold.

My goal is to achieve at least a 25% cash on cash return on flips over a 6-month period or in the worst case convert the purchase into a buy and hold investment to earn at least a 10% annual cash on cash ROI after taxes.For me cash is king and I want to grow my cash as quickly as possible while managing and shifting risk.

After a reasonable period, I think maybe 1 year, you can convert that NM rental into a primary residence.

https://www.bloomberg.com/news...Coming from Chicago where zoning is a constant battle and converting a single family to a 2-unit requires navigating legal hurdles, this article makes me happy.

Some will even convert you to a 30 yr fixed.

Also converted the unit from a 2/1 to a 3/1.