Used to own a vacation rental, which I since converted to a traditional rental here in Laguna Niguel.  

If you plan to rent by the room it will work the same way with a Condex as it will with a SFH and most of them were built or converted recently (last 20 years) so your maintenance will be less than the houses in the area, many of which were built in the early 1900's. 

They remind me of the prices seen at the Plaza Hotel, when that was converted to condos.

I have six units and the one that would be the most interesting is probably a SFH in Baltimore (21214) that we've converted into multiple units, including one Airbnb.

Hey BPFor the last 6 years we have been flipping and building full time and converting 1-2 units a year over to our rental company in the Raleigh/ Durham area.

I spent the first 3 months converting the single-family into a duplex.

Purchase price: $214,830 Cash invested: $60,000 Sale price: $307,500 1700 Sqft 4 Bedroom / 2 bath that we converted into a 3 Bed / 2 bath with a much larger master bathroom and walk in closet.

Once you convert it to a rental you will start capturing depreciation which you have to recapture and you will have to pay long term capital gains eventually.

I am looking for any recommendations that would definitely help with training, generating and converting leads as a new agent...

Convert the garage into the ADU and now you have a recipe for an nice forced appreciation in comparison to other SFH in the neighborhood and the ADU can be used as a cherry on top for whatever the appraiser decides to add.