Now, on to the differences between a nationally charter bank, a banker, and a broker.

Currently, one half is rented to long-term tenants, and I'm considering converting the other half into a short-term rental.

I would not add much, a simple bedroom, bathroom, kitchen, and hvac.Another aspect of this deal is that the building is listed as a historic building and thus could qualify for some grants. 

Glad to join the site here and looking to connect with people in regards to networking, working on business and any questions concerns people may have.

This makes zero sense - sorry to come across as a jerk but this makes absolutely no sense and where did you get the advice to do this?

Rental income would be about $2700-2900 per month and taxes are roughly $4000 per year.

I have never owned a home before but I’m considering buying a place here, living in it while I’m here, then short term renting it and using it as a vacation property when I move back to Canada. 

I'm looking for a  sincere mentor to can help me and guide me to avoid all the avoidable mistakes I might go through.  

Let’s dive into the pros and cons of each.

The multifamily real estate market is gaining momentum as we close out 2024, driven by easing financial conditions and attractive cap rates, according to Marcus & Millichap's Q3 report.Cap rates have surged to an average of 5.8% between July 2023 and June 2024, marking a 110-basis-point increase from 2022's low and the highest level since 2014.