I am in the process of purchasing a school and converting it into apartments.

If you are converting living space or adding square footage, you will need a Residential New Construction and Addition Permit Application and those take between 2.5 - 4 months.

Even though you'll be moving in one and a half years, your first house hack could easily be converted into a long-term rental and will kickstart your investment career.

They give you a 6 month at interest only 'buying period' where you can purchase materials for your job up to some limit (we usually got 15-20k) and after 6 months you can't buy anymore and the loan converts to a 7 year fixed rate loan.

I’m not asking if I should convert property I currently own to STR, the answer is probably not because as I have learned from this forum STR only makes sense in vacation destinations where it’s accepted and those cities where restrictive legislation or ordinance hasn’t been enacted, and competition doesn’t degrade rates to the point of no excess returns.So, if you don’t mind sharing, what’s your minimum and your target ROI for an STR?

Hi everyone,I’m looking at a house to convert to a duplex in central MN.

Why not buy a simple small home, preferably with an en suite and from there convert it into a simple 2 stage apartment.. you live in one half of the ‘house’ an the other pays your half.Both would need work I know but with the en suite all you would need is a cooking facility for the other section/apartment an another small toilet for yourself...

I could increase my cash flow by $500 if i convert our hugh one bdrm until a two bdrm.

*convert*were

I don’t think this building has that because of the year it was built, I think is going to be expensive because the common wall has stairs on each side and we will have to tear everything to make the wall wider, my question is since this was originally a duplex and then they converted to single family eliminating one kitchen, should I just seal the doors on that wall and build the second kitchen?