I'm hoping this framework helps you out as well.1) I assessed impact of garage conversion on the value of the property2) I determined whether it is legal to convert the garage into a living space.3) I assessed the financial viability of the project with available sources of funding.Assessing impact of garage conversion on the value of the propertyBefore I started, I assessed whether the garage conversion would be advantageous for us.

I was thinking I could potentially do a BRRR and keep them as renters until they are ready to move to a new location?

Yes, a 13 will potentially allow for a cram down or lien strip but we aren't in that environment where liens can be stripped or shrunk due to value depreciation. 

If it is FHA, you can potentially sell your property for more.

A staggering 86% of households earning under $25K spend over half their income on rent, highlighting the acute affordability crisis.Urgent calls for policy intervention, including incentives for housing production like the potential reintroduction of the 421-a tax abatement, are echoing through the city as leaders grapple with the severity of the housing shortage.

Now the numbers that's displayed publicly are mostly "pro forma" and not real numbers and everyone's talking about potentials. 

Appraisals are done by professionals that perform a thorough analysis including location considerations, zoning, comparable sales, and any potential restrictions on development.

For those of you who have been divorced, you should know that a judge can obligate you to pay child support, alimony, college tuition, private school tuition, mortgages etc...IS IT ILLEGAL for a landlord to ask for the finalized divorce agreement to see what potential FINANCIAL OBLIGATIONS a tenant is/could be responsible for that would affect his/her ability to pay the rent at a new residence?

The Trustee of the REIT can buy and sell properties within the REIT without triggering a capital gain event to you as the investor, however, this flexibility also allows the operators to potentially add properties to your investment portfolio that may expose you to risks or asset classes you were previously unaware of.There are a couple of sponsors I am aware of that carve individual properties out of the REIT, into a DST, then pull them back into the REIT at a significant mark-up to the DST investor.

One of our first attempts was to incorporate detailed inspection assessments prior to listing our homes for rent.