I’ve seen several three unit buildings in weehawken recently converted.

I'm particularly passionate about the Detroit and sout east Michigan area.Outside of real estate, I enjoy converting vans for Van Life.Excited to learn and connect with you all! 

Start by leveraging what you already have—consider tapping into equity through a HELOC, house hacking again with an FHA loan, or increasing cash flow by converting a unit to a short-term rental.

You’d also make all future capital gains at least partially taxable instead of tax exempt by converting your primary to a rental.

The rental is currently cash negative and our thought is by converting the unused storage unit it would bring cash flow into the positive.

Interested in getting some extra income with converting the extra space in the basement into a rentable unit.Basements in a one-family home can be lawfully rented only if the following conditions are met:Compliance with the Housing Maintenance Code for minimum room size.There is a minimum ceiling height of 7 ft.The walls, as high as ground level, must be damp- and water-proofed if HPD determines that subsoil conditions on the lot require it.The basement is occupied by one family and does not include boarders.Every room must have at least one window.The bottom of any yard or other required open space cannot be higher than six inches below the window sill of any required window in the room.

You could convert them to a DSCR loan but then transfer them to a LLCWhat we have done is save for down payments and renovation costs, - buy properties that need work rehab them and then refinance them out making sure it meets our dti.

We renovated the SFH and converted the garage to a 2-bed ADU.

Being able to A/B test MTR at the same time would allow you to know if you can convert the STR to MTR if you ever want to move out and keep the property.As for the net negative house hacks - I always like to remind people that shy away from a deal because they aren't making money that they are usually still coming out ahead if they are spending the same or less than they would on rent.Great last point.

I'm calling for final on a converted garage next week.