You would need to factor in the cost of the conversion as that would likely create a loss, then we would need to know your depreciation schedule.

Most of the time we (my husband and I) have no problem painting, mopping, scrubbing and dusting a bit between tenant transitions. 

In our case i'm very concerned w high transaction costs if we sell. 

When you know the buying process, the neighborhood, and how to find the property on your own, and are ready to buy another property: How can you avoid the 2-3% buyer commission portion going to an agent on an MLS listed property, without having to get your license and pay the costs of having a license?

A newbie to real estate I met at a foreclosure auction asked me about real estate meetups in my area that are no cost.

@Brandon Burch it's funny how people don't actually answer the question you were asking...The answer is no, refinancing will not negatively affect your ability to sell, refinance, get a heloc, or anything in the future.

(Cost of construction and payoff of remaining loan on the home)1- selling the home as is would help on capital gains tax.

I have no proof of funds to verify my ability to buy.

I would email but no reply. 

When I calculate out the monthly mortgage for a house at this cost assuming a 300,000 downpayment, it would come to around 7450/month so I think 7000/ month is reasonable.