We live in Alabama. 

Lower down payment requirements but you have to live in the property for a year, no big deal if you plan on house hacking for FHA.

I live in FL so I’m trying to network and learn the area while investing in Turnkey property as well.  

Which means I have to have money to live on or other sources of income to keep me going during a project.

i.e.) can 5 unrelated adults live in a 5-bedroom house? 

But in reality, I only had $4,500 invested the majority of the 5 years, so the yield is over 90% Annual ROI.I hold this in my retirement account, so it's not money that I need to live on and it's tax advantaged.The sky is the limit with Options. 

It has actually spurred a good bit of conversation from people that I work indirectly with, which is good for my RE business.

If you live in an area with hard water it will ruin the door if not cleaned frequently.

Are there any foreseeable downsides to this conversion?

I live on Long Island and are looking to get my feet wet this spring.