After living in the property for a year, you can move out, keep the same loan terms, and convert your unit into a rental.

., mix STR with personal use or convert it to a primary residence), depreciation recapture is not triggered immediately but will apply when the property is sold.

Rolling funds from an inherited IRA into a pre-tax IRA or converting to Roth is not allowed. 

Previous owners converted basement space into livable space (kitchen, shower, bathroom), but it does not comply with legal ADU unit standards (one separate entry, 6'10ft ceiling).

You need to keep in mind that this should be a long term hold at least to a point when you wanna convert back to CAD that you are not losing on conversionWhen i started in 2012 it was like 1.05-1.07 

It's now converted into a cash-flow positive long-term rental.

I am currently converting my LTR in Houston to a STR. 

Purchase price: $350,000 Cash invested: $10,000 House hacking my first home by converting the master bed into an independent studio that we rent on Airbnb What made you interested in investing in this type of deal?

I am considering converting to a long term rental but thought that mid term might also be a good approach as well considering the home is fully furnished.

The loan is a construction loan (interest only on the drawn amount) that converts to 30 fixed (3.375%) upon CO.