The seller operated the apartments as short-term rentals, and the buyer Javier Cervera plans to convert them back to traditional apartments after a renovation.

The seller operated the apartments as short-term rentals, and the buyer Javier Cervera plans to convert them back to traditional apartments.

The seller operated the apartments as short-term rentals, and the buyer Javier Cervera plans to convert them back to traditional apartments.

The seller operated the apartments as short-term rentals, and the buyer Javier Cervera plans to convert them back to traditional apartments.

I am currently living in a home (home#1) and now i buying new home (Home#2) and old home#1 is convert to rental. home#1 is pay off. 

Like Justin said, don't limit yourself to 3/2's some of these 3/1 or 1.5's have potential to be converted into 3/2's. 

If you were up for adding another building to your parents property (or even converting their garage or another separate building they may have), that could be even more income and with your parents house paid off and tenants paying off the utilities, the only bills would be property taxes. 

@Dennis Yang I honestly think rather than trying to open up a chain of HELOCs with variable rates and interest only payments you're better of using the delayed financing refi option to convert your rental into a conventional 30yr fixed rate mortgaged asset which will give you back your original HELOC funds which you can then recycle and use for another cash purchase. 

No, especially not when you are converting from a physical classroom to online, you can't do the same activities or lessons you did before, group projects are harder for younger kids, any art project more or less goes out the window. 

I had conservatively estimated that it would appraise for $135k, knowing that the same floor plan on the next street over (converted from a duplex to a single family home) closed last week for $154k.