The house has a bit of potential for rental as house Hack as we are planning to live in the upper part and rent the basement.My questions is, is that possible to convert the basement into 1Bed 1Bath, with over in the kitchen and shower?

Home was originally 4/2 but converted 2021 to co-housing with 3/7.

Ehhh, would love to see you eventually mateWhat you doing in Theiveland?

Get a cost seg study done.Once you convert your primary residence into a rental, you can get a new cost seg study done and take bonus depreciation to offset the new rental income.5.

Can I even use an FHA loan again after this one is converted?

Does anyone have experience converting a multi condo unit house to simply a multi family property?

So, I'm now considering working 1 more year and during that time, ramping up into several multi-families and eventually owning 10 doors over the next 3 years.

@Shannon BrillWhat would it cost to convert the other range to gas?

Investment Info:Other buy & hold investment in Pacific Grove.Completed a 1031 exchange into a retail/office building, then converted the second floor into a short-term rental (STR) and mid-term residential unit.

This would also increase your cost basis of the property whenever you eventually sell.