the period after you move out does not count in that scenario Different story if you convert a rental to a primary residence.   

Converted dinning to 3rd bedroom and mudroom to dinning room.

If it’s a variance, then you might have to convert it back to what the land use is permitted for, if you buy it.

I run our model in phases1)buy a foundation of properties 100ish for rental then buy 2 a month after2)we convert them over for $130/mth for 3yr option premiums 3) hope for a 10% conversation per year with closing cost covered by buyer We get same benefits of tax efficiency and “No Closing Costs”Differences.

Just landed a home for myself, with intention to AirBnB the extra rooms, then convert to a rental when I move back to Portland in a couple years.

I have serious doubts if its been converted into a multifamily...I recently saw 150-yr. old tavern that was attached to the largest grist mill in the country get denied registration...Anyway, location is key...if you are in city limits, or have neighborhood (or deed) restrictions you may be facing a challenge...I know a guy that renovated 20-properties and discovered that the siding had to be replicated to the original...he had to pay a machine shop to create a cutter head so he could mill the siding to the original spec for any repairs.

Has anyone converted a office trailer to a residential trailer?

If anyone is curious let me know 😊) I'm happy to say we closed on our first home/investment property last summer--a legalized duplex that was converted from a single family residence.

Then, you’ll know if you’re covered on the back end when you want to convert to strictly rental.

Ask the seller to convert to equity instead.