For example, our goal after BRRRR-ing our first rental property is to rehab our primary residence and convert it into a rental, subsequently buy a duplex where we live in one side and rent out the other while also setting up the next BRRRR deal.

What do I need to do to convert space to residential rental?

Hello,   As i convert my SF into owner finance notes I am sometimes obligated due to market conditions to accept lower interest rates 7-8%.

Standard Fannie Mae guidelines would allow you to do a cash back refinance at 75% of the value of each property after the plat is recorded legally converting the building into two units.

Something else that might be a factor is that in Vegas, most of the cheaper condos (if not ALL of them) used to be apartments and were "converted" by selling off all the units to individual owners.

Do I need to obtain a permit to consider a Den as a Bedroom? 
Thank you, 

Purchase price: $350,000 Cash invested: $35,000 This building was originally a schoolhouse, then converted into a nursing home, and finally into an apartment.

I plan on doing that by house hacking a duplex or triplex (or buying a property that could be converted somehow).

Now we're positioned to convert the 1 bed units both into 2 bedroom units, increasing our monthly cashflow by approximately $100 per unit after a cash-out refi which will keep our payments neutral and recover our cash investment since purchase.

We are currently heading into our first potential 4plex opportunity as well as a 1 bedroom college rental that will be converted into a 3 bedroom college rental.Is anyone on the forums close to the Tiffin area?