It’s an old building that used to be owned by the hospital, was converted into three units.

I have concerns regard knowing regulations for room sizes to convert a 3/1 into a 3/2.I look forward to hearing everyone's thoughts.

.- If you have an IRA, you can convert it to a self directed IRA to buy and hold or flip properties that you do not live in or work on (you can still self manage).- You can use a tax code 1031 exchange to sell your investment property and pay NO TAX at time of sale so long as you take 100% of the proceeds to purchase your next investment property. 

@Austin Nieves always buy an Str that can easily be converted and still cash flows as a long term rental.

Bought a townhouse as a primary in 2016 and converted to a rental in 2019.

Trying to decide whether to convert one of the beds upstairs to a master bath?

I'd give access for the breaker boxes.I'd try to:Upgrade the units as you suggested ORHave this be part of a property manager's responsibilities ORSee about converting to gasConsider mini-splits for heating and cooling#3 is probably the best option.

My contractor suggested converting the living area and den into the two bedrooms, blowing out the wall between the kitchen and the current bedroom and making the kitchen/living/dining all open with bath access in the living area where it currently is.

I actually am preparing to do a gut/rehab on this duplex i bought that was converted to a single family and I am looking at to doing an hard money to get this done.

You're not specifying whether or not this is a purchase or refi, but since you are saying "convert", I'm assuming you already have a loan that you are trying to convert to long term financing.2.