FHA also requires the self sufficiency rule which basically means your 1 Mil fourplex would need to rent for nearly 9k a month  or at a .90% Rent to Value/price ratio in order to qualify at the min down payment which is near impossible in Seattle/Bellevue core areas unless you either found an off market unicorn property, its heavily distressed, you up convert a SFR into fourplex or other creative value add strategies.The standard Conventional program will require 25% down payment whether you buy it as an owner occupied or investment property on 3-4 units.If you live in the property there are some "niche" programs for conventional financing that will allow as low as 5% down but the program is being revamped after the end of July this month as to only allow folks with 80% of the area median income(AMI) to utilize it (seattle AMI is roughly 100k so you'd have to make 80k or lessIf you're a Vet or have served in the armed forces you may qualify for VA financing as well (owner occupied only program).Hope that helps.

It involved converting a garage to a studio apartment...

I have read up on the concept/method of also using "Adjusted Valuations" when converting Traditionals to ROTHs, and am very intrigued.

We have a 3 bed, 2 bath single family home in a decent neighborhood that could easily be converted to a 4 bed.

I have read up on the concept/method of also using "Adjusted Valuations" when converting Traditionals to ROTHs,  and am very intrigued.

In order to convert these leads into deals, you need to market to them.

Hey everyone,I have a 17 unit apt complex that I'm possibly looking into converting to a condo and selling off individual units. 17 Doors, all attached.

Purchase price: $195,000 Cash invested: $5,850 This was our first home that we converted into a rental property

I am looking into purchasing a sizeable 2 bed (1000+ sq ft.) and converting it into a multi-family (Two 1 bedroom units) and then either house-hack, rent both units out or sell. 

It’s not so much that it’s a bad deal, but another property could be a better deal.For example, our current closing is for a fix and flip vs. a house that just came on the market that’s a converted two family to single family that can be converted back.