I also come from a single family background and decided that multifamily was better suited for my long term goals.

Hello Fellow Rookie,Every design is specific to how you want to effectively utilize the square area and your budget, which city are you looking at and what is your for renovation budget?

Purchasing a primary and converting to a rental down the road is the most cost-effective way that I know of to build a real estate portfolio.

That's most cost effective way.

If it's cheaper and more cost effective to do the HELOC for that current property then stay that course because on another property you'll need 20-25% down, maybe some repairs and closing costs that you would not need for adding SF to that property you have now (that may increase your ROI for using it on the one you have now).

I don't want to say I gave up but I found way more effective ways to generate leads which ultimately made me back away from continuing the services. 

Not sure where to start on something like this and want to make sure it is done right (and as cost effective as possible).

Not sure where to start on something like this and want to make sure it is done right (and as cost effective as possible).

We also added a "airbnb" suite with it's own exterior entrance, kitchenette and bathroom.

It was labeled as a 2:2 but we changed the upstairs area into a master suite and sold it as a 3:2.