Purchase price: $350,000 Cash invested: $35,000 This building was originally a schoolhouse, then converted into a nursing home, and finally into an apartment.

I plan on doing that by house hacking a duplex or triplex (or buying a property that could be converted somehow).

Now we're positioned to convert the 1 bed units both into 2 bedroom units, increasing our monthly cashflow by approximately $100 per unit after a cash-out refi which will keep our payments neutral and recover our cash investment since purchase.

We are currently heading into our first potential 4plex opportunity as well as a 1 bedroom college rental that will be converted into a 3 bedroom college rental.Is anyone on the forums close to the Tiffin area?

Loan was converted to a 25-year amortized loan at the end of construction.

Is the ROI or equity gain favorable to convert the garage into a small one bedroom?

I've been listening to bigger pockets for a couple of years now and I'm just now about to finish converting my garage and 1bdrm into a JRADU.

We replaced the kitchen and the bathrooms, converted a large addition into a 4th bedroom and added all new finishes.

You made a really good move by house hacking your first primary residence.I just got done with converting my garage into a ADU for rental. 

(You can also do the reverse sometimes)You can also choose not to convert certain personal expenses to business expenses.