I have an AS is contract signed to purchase a 1925 bungalow that has been converted to a duplex for a buy and hold investment. 

When a gas grill craps out, convert it to charcoal using a welder, angle grinder and iron. 

I'm hesitant to convert the whole house to luxury vinyl. 

He knows it’s not the best way to utilize his income, so he’s open to other ideas.I have been studying hard to help him convert his portfolio into MFH and to buy more apartments to get better returns using the bank to leverage his money.

But if you sell without a 1031 yes you would pay tax on the gain from both propertiesBut you can also convert into a new primary residence and get part of the gain tax free.  

It also appears that we can convert from an LLC to a S-Corp in later years. 

@Mike Lambert you missed my point.The main issue is his exposure to the $ vs Zloty rate, long term which can hardly be hedged.Example: Our guy draws 500'000$ equity in $ from the US property, converts into Zloty and buys a asset that generates PLN income.

@Kenneth KussmanHi Kenneth,Here’s a post from BP where someone in your similar situation had some important questions on converting your primary residence into a rental property:https://www.biggerpockets.com/topics/851996There are some important details about this conversion that you should understand (depreciation, amortization, basis calculation, deductions for repairs, homeowners exclusion, active participation rules, to name a few).It’s something that can be researched and done on your own, but I highly recommend using a CPA who understands real estate taxation to prepare your tax return.

Hello, I want to convert a detached garage into an ADU, located in Napa County CA.Anyone here have any experience doing that in Napa County? 

I am an engineer and young investor currently I have 4 doors in Trenton and Ewing NJ area, My question today is, I have a duplex, that is on the big lot, (10+ car parking lot) and I am working with an architect and th...