In fact most good ones convert into a 25 or 30 year amortized loan.

Any investor can now buy a house and convert it into a triplex or scrape the lot and build 3 townhouses (one a little bigger than the other two).  

I'm looking to convert two ground level units I have in a multi-family into fully wheelchair accessible units.

Converted SFH into a duplex.

I'm finishing up a partially finished studio on the property and will do STR from there and also plan to convert the long term rental to STR once my tenant finds another place. 

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.