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. 

Here in FL, they automatically convert to month-to-month if neither side does anything.

There was a partial 1 car garage conversion that we converted back to a garage which housed the laundry and WH. moved the AC and had to redo the old cast iron plumbing.

If you grow into a more complex business, you may then convert to an S Corp, but the ease and flexibility of an llc is excellent for a start up. 

I dont know whether or not we should just leave it the way it is and rent it out or convert to a upper and lower floor duplex and rent them separately by adding another bedroom,and kitchen?