I've also found some large square footage two bedrooms and converted them into three bedrooms to unlock significant value.What have you done to unlock value above and beyond rehabs and refreshes, removing walls, and flooring.

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.