I did my first buy and hold deal at 19, which I then converted into a 200% profit flip.

Many times these 2BR can be easily converted into 3BR.

The project in question was converting an existing duplex into a triplex.I've done other projects in the City involving adding more units and have learned far more than I ever aspired to ...

It is possible to convert but I am not familiar with the costs involved which may include removal of the oil tank.

At this point of building my business I was not planning to get involved in commercial but this seems like a great opportunity.Two residential units both currently leasedCommercial ground level storefront is currently unoccupied but can easily be converted to two smaller storefronts.Should cash flow right away even with the commercial space being vacant.I have had the property inspected and it is in no need of major repairs or rehabs.  

When the rehab funds were fully disbursed the loan converted to a standard loan with monthly payments, 20 year term.  

Or, I convert their Option to a Right of First Refusal - I can sell the house to someone else - but I check with them first.

Past employer 401k can be converted into self-directed IRA.

Put in a second full bath, where someone had started converting the garage into a 4th bedroom. 

I am looking to expand my portfolio to include MF units, not necessarily convert a condo to a MF.