How to convert that land legally into a mobile home park is something you'll have to learn elsewhere.

I’ve never converted a primary to a rental before.Anything else we should do, know, or consider? 

Not only that ^^^^ but if you are converting 'Non Living space' into 'Living Space', you could face other problems down the road.

Just spoke with someone the other day who started with $75K traditional IRA, converted it to Roth, paid the taxes on that amount and grew it to over $2MM.

You just have to make sure once you vacate your primary and converting into a rental, how would your DTI (debt to income ratio) be effected.

.- Converted to rental and depreciated it for 2 years.- Sold in 2023.- Purchase price: $250k- Sale price: $350k- Depreciation: $9k => Roughly ( ($250k*.50)/27.5yrs) *2yrs)- 2023 marginal bracket: 32%What is the proper taxation?

Hi BP Community,I'm looking for advice any pitfalls there might be when converting POH to TOH.

Overall, this is a popular strategy in the Midwest for converting large old homes into multifamily units.

." - So you don't own the land... you have a mortgage on single family and want to convert and build a multi-family?

We convert all one year leases to month to month at the end of the lease.