Also, does anyone have an opinion on the converted garage?

The general arguments for SFR's that I'm familiar with are - -better appreciation when things are actually appreciating -they are the bread and butter of the RE market, so easier to move them if you want to free up some capital -different quality of tenant that will tend to think of the property more as their home than a temporary residence - if the tenants have kids and pets and accumulate all the junk that one tends to when one has the space to spare, less likely to just pick up and move on a whim -exponentially more SFR's than larger multis, hence many more motivated sellers who will be open to investor-level offers-possible to convert tenants into lease option buyers if you want to use that as an exit strategyYes, one tenant leaving a SFR = 100% vacancy, but one really bad tenant in a multi can also result in several tenants leaving - which won't happen in a SFR.There are convincing arguments in every camp.

Convert ordinary income into capital gains.

When you are selling RE, you are exiting it and converting it into cash.

Some leases contain a clause that converts the lease automatically to a month to month agreement when the lease expires.And some leases automatically renew if the tenant doesn't serve notice in writing that he doesn't wish to renew.So 2 possibilities, you might already be on a month to month, or you might already be on another 6 months lease.Read your lease.

Also, google the article on converted bumper cars, that were turned into street legal!!

If you haven't been very strict and vigilant in your screening (and most management companies are not), your units quickly convert into needing a lot of maintenance.I can understand why you can't buy a fixer, but if you can't do a lot of repairs and maintenance from a distance, then I seriously suggest that you only invest close to home--- or move to Dallas if that's the place you prefer to invest.

This is also evidenced by your statements of ability to pay the two loans easily, which indicates that something was misrepresented on the original loan application by someone.There is hope, however, because some of these loans cover tenant properties for the low-medium income renters.The Ohio Housing Finance Agency offers affordable housing opportunities for Ohioans byproviding financing for the acquisition, construction, and rehabilitation of owner-occupied single-familyhousing and multifamily rental housing projects for low- and moderate-income individuals and families.The Agency's programs serve first-time homebuyers, renters, senior citizens, and other populations withspecial needs who otherwise might not be able to afford quality housing.You need to see if your loan can be converted to one of those other programs from this agency.

Since I export my lists from Real Quest into an Excel format, it looks like I have to buy a program that converts Excel files (.xls) to Vcard files.Is this how you do yours?

now the place next door to us is converted into 2 condos and both are up for sale.