In October of last year I moved out of my home of 15 years in Austin and converted it into a rental property.I originally paid $143k for the home, it's worth roughly $368k today. 

That non-qualified use provision was written so that taxpayers couldn't convert highly appreciated rentals to personal residences, live in it for 2 years, and avoid paying any capital gains.

The appreciation and extra income are great benefits, and by holding onto it, you can take advantage of the 2.5% interest rate and $2000/month cash flow while avoiding capital gains taxes.Instead of selling or converting the duplex into condos, consider using your HELOC or a home equity loan to buy or build your new single-family home.

Once a list of email contacts of interested people is formed, the marketer will want to email monthly newsletters or the like and or intermittent “offers” to convert the interested parties into customers or clients or sources. 

But there's about 50k in equity I could convert to cash by selling it, and then use that to fund future deals.

If I were to go this route it would be a midterm primary (3-5 years) and then be converted to STR or normal rental property after that. 

I really appreciate you mentioning it.Expanding on your point about maximizing units: If zoning allows in the target market, would it make sense to consider converting a single-family home into a multi-family unit (e.g., triplex, fourplex)?

Hi all,My wife and I are about to convert our primary into a rental.

For reference, in the pictures, we converted a loft space into a thriving community space for the arts in Brooklyn.

The stuff you can see has likely been converted to pex.