Without any medical history or complications, it is reasonable to find term life insurnace for $50-$75 per month even for a 30 year term policy.When looking for term life insurance, always ask for a "convertible" policy with "guaranteed insurability."

I instantly thought of converting both side to 3 bedrooms. 

If the furnace is a heat pump, then it makes sense to convert HW heater to electric (when needed).

I am trying to convert the 4th unit of my quadplex into 2 smaller units making my building into a 5 unit.

The time, effort, and money involved in converting the 1st floor.

I am working on converting my conventional loans to portfolio loans to get around the 10 mortgaged property limit. 

I think you did not purchase an investment RE and trying to convert it to one is going to cost you in the short term.Hopefully the STR option is allowed and provides a means to not lose a lot on this purchase.Good luck

3 story, 2200 sqft 5bd |3 ba*Full gut remodel (unfinished basement,looking to convert to additional room and add a half or full bath)900-1100 projected rent per unit  (based on area)Unit is and has been vacant for some time now.

The additional units were ripped out which caused a lot of issues, but it showed that we could put rooms down there, so we are converting the studio into a 2-3 bedroom apartment.

It turned out one of the owners down the line converted the den or whatever room it was to a 2 car garage ..one of the 60's homes ...