On some multi families I have seen conversions.For instance you buy a 60 unit 1 bed complex however research shows 2 beds are in high demand.You convert 60 1 beds into 30 2 beds.

Plus, since the capital investment is returned so quickly, and in many instances, you own the property free and clear, you are not sweating bullets and losing sleep.

I practice in Volusia County area which includes the World's most Famous Beach!

@Seth Williamsseems to have a pretty good knowledge of how these both work and in what instance one could work better for what we are looking to so.I hope he can chime in where this is an old post...Im going to try agentpro247.

For instance a hotel.

For instance you might want to consider looking up a few references.

In some instances it's great, others not so much.

For instance, in my county there is less than 200 for inheritance home owners.

Fortunately a LOT of people already have.Here's a fly by, as a first investor you don't want anything requiring much rehab work.You also want a lot of buffer: you can't go wrong with the famous 2% rule.

Does that mean it's permissible in some instances?