so 2/5 years in one unit and 2/5 years in another unitWhen I convert a rental unit into an owner occ unit then would I have to pay back the recapture dep tax that year?

Purchase price: $820,000 Cash invested: $80,000 This is a single family home that I purchased to convert into a residential assisted living facility in Reno, Nevada.

In many cases the city is not in favor of converting 2 families into 3 or 4 unit buildings, because that would mean to increase parking and sewer by 50% to 100%.To make it a legal 3rd unit you will need to have two forms of egress (stairs), so pleople are not trapped up there.

I would like to convert my 401K to purchase real estate through a SDIRA.

We pretty much stopped doing any MF in Indy about 5 or 6 years ago because most are old SFR's converted to MF and are located in rough neighborhoods.

Equity can be converted to cash flow whenever.

Maybe we can get/build a LTR for now with the idea to convert it over later on?

If you can convert @John Underwood into a client.... you’re on to something

@Jalaj Punn  While it's true that most leases convert to month-to-month after the term of the lease expires, they don't have to.  

Property has been converted to a single family home but was a duplex.