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.

A duplex in an up-and-coming area is going to appreciate so much more than a condo (largely because condos are built or converted in areas that already have become expensive).

Thanks There is no taxable transaction when you convert the rental to a primary residence.   

My plan is to convert one of the unit's dining rooms into a bedroom.

@Kristen G. you likely won't get much if any value from a 5th bedroom almost all of the value would come from the additional square footage, not to mention that most converted attics require lower and slanted ceilings and don't always have easy access to the rest of the house, if you were planning on doing it just for financial reasons it will probably be a net loss.

One of my buildings is a converted SFH into MFH with a lovely Airbnb unit in the basement.