A comparison would be condo projects that slowly transition into time share properties and then into hotels. ...

I'm currently living in the city and hoping to transition to renting to owning a home in 2020.

You can easily register a different domain and start transitioning to another route, if you decide to change your mind.

Hi Shanequa, thanks for the advice.Just to clarify again though, Im not really looking for advice on whether I should quit my job or how much money I need.Just wanted to get a few opinions on how some people have made the transition, or how some people plan on making the transition.

I needed to be flexible because I am transitioning from out of state, and training because I’m a brand new agent.

Purchase price: $355,000 Cash invested: $71,000 Sale price: $1,090,000 Purchased this 2 unit row home in DC's Shaw neighborhood back in 2002 when the area was considered a sketchy, transitional neighborhood.

I got few requests to rent but they want to run transitional home business.

This is where your upfront planning comes into play - if you have planned for this eventuality, you will have taken measures to mitigate your tax exposure at this transition {i.e. you would not have claimed CCA on properties you held personally}.

The sad answer is that their demand has been declining because of two reasons: (1) Though my building is close to 2 hospitals, younger MDs are choosing to colocate within the hospital over buying/leasing their own space because hospitals are subsidizing space to lure doctors (2) The town has been in transition to a lower middle class town with flight of caucasian families to neighboring towns and their replacement by families of color.

Some of the home transitions and remodels I have seen very close to where I live is:Basements with either walk out or walk up exits have small kitchenette's and bathrooms installed so it can be rented out separately, therefore acting as a duplex.This one is a bit more challenging but I also have seen garages get turned into ADU's as well.If you do decide to go down this road, it could create 3 things:Decrease your living expenses because your tenants will be paying your rent.All of the hard work you have put in will help force some excellent sweat equity.By marketing some good before and after photos could start some foot traffic to that construction company you are wanting to kick off.Feel free to reach out if you have any questions.