specifically, the Owners did not have enough funds to fix the septic prior to closing, and local contractors don't do work at risk, so we converted (after we knew we were all in) the earnest money into a non-refundable deposit.

For example, in a flip situation I think there would be more value in converting the large half bath upstairs into a full, but in a rental situation that may not have as much value.

Since tenant utility costs would be higher than gas, I am not sure if I would have to ask for below market rent to compare to cheaper gas heated units.Lastly, if I was to convert to gas, does anyone have an estimate of the cost for a 3 unit?

I've also found some large square footage two bedrooms and converted them into three bedrooms to unlock significant value.What have you done to unlock value above and beyond rehabs and refreshes, removing walls, and flooring.

You do Not need to refinance when you convert to a rental after that, with either one.

Hello everyone, There is an occupied 3 unit building I am interested in purchasing with the caveat it can be converted to 4 and leased to 4 separate tenants.

@Craig McLaughlinHave you compared taking a taxable and penalized distribution of those 401k funds to the concept of converting those funds to a self-directed IRA.The key differences are as follows:With a distribution you cut your available cash by 35-50% on the front end with taxes and penalties. 

When I convert a rental unit into an owner occ unit then would I have to pay back the recapture dep tax that year?  

Hello everyone! I am currently seeking investment rental property in Las Vegas. A lender told me I could qualify for a secondary residence loan (10% down). I currently reside in Los Angeles, CA but I live with my fami...

I understand that on Oahu, many SFHs were LH up until the 90s, but most, if not all, were converted to FS.