Their practices are neither transparent nor honest, and I would not recommend their services to anyone.I have money owed to me and they have not sent an ACH even though they have my routing information.

Hi all,I am thinking about buying a Duplex that might have the ability to be converted to a Triplex.

If you are curious on the market I would guess you have the ability to test the waters 

My mindset is absolutely stronger because it only reflects my ability to do the work.

To provide a practical example, I acquired a 60,000 SF assemblage that contained an autobody garage, nearly an acre of surface parking and a 4 unit building in Philadelphia.

Depending on your estimate of the ARV and the ability to raise the rent on the 1BR, this looks like a "lendable" deal, IMO. 

What's common practice?

I want to know the best practices for splitting utilities.

Because there is so many novices who jump into STR without the skill, knowledge, ability to actually operate it and rapidly are bleeding-out.

But again, there is a charm to older properties, because if they do have the proper envelope a great structure, and the ability for a functional layout, they can have a lot of potential. likely a full gut...