Private lenders typically do bridge loans as interest-only, but those are going to be higher interest (think 8-12% right now), and typically only for 12mo, possibly with a fee to extend.I've done longer-term private notes with local banks that are interest-only for a certain period before converting to P+I, but I want to say I've heard of others (pre-COVID) doing 3-5 yr interest-only notes typically with local banks/credit unions. 

My situation was similar, my property was my primary when i was living in NYC and ive converted it into a rental in 2015.

If you have space you could always AirBNB a room or convert a space.

Hey Everyone,I have more and more clients looking to convert to the commercial market from primarily focusing on single-family investments.

Purchase price: $93,000 Cash invested: $137,000 Purchased as our primary residence in 2015 remodeled and converted into a rental in 2020.

If you have experienced a lot of appreciation, convert the property to a rental, and then rent it out for 3+ years, you lose the capital gain exclusion on the appreciation.The $600/mth is irrelevant if it does not include all costs, including cap ex reserves.It's hard for us to comment on sell vs keep as we don't have the figures to assess whether or not the condo is a good investment

I am interested to hear your thoughts, because the only thing I have heard thus far is the owner would have to convert the apartment into condos which I ran by him and he does not want to do. 

When purchasing using FHA, buying 100+ miles from your departing residence: do you need a certain amount of equity in that departing residence to be able to convert it to a rental and use the projected rental income to offset the mortgage debt if you already have documented landlord experience? 

It should be SEO friendly and high-converting. 

Yes you can make a contribution to a traditional Ira and then convert it to a Roth.