We moved to Seattle with 8 - 12 months saved and thought that walking into high paying jobs we were going to be able to get that converted into REI's by now...

One possibility is that your parent's down payment gets converted into a second loan on the property, assuming that won't create issues with the first.

Too bad since a block away a SBUX converted a bank six months earlier.

Convert to a REIT?

It is why house hacking is such a strong first step for many, lower down payment and potential to repeat after a year and convert the prior to a rental.  

I have several buildings I'd love to convert to assisted living but don't see where the $$ is at. 

. $20k in the hole on repairs from converting the basement into an apartment for her sons. they said the drugs were so bad they couldn't stay and had to move, even if they took a negative hit.

Then take 1/3 of that for your price in US $, then convert.

Hey everyone,I'm currently in the process of evaluating real estate strategies going forward and attempting to convert the substantial equity I have in two single family homes into cash flowing multi-family properties seems to be an appealing possibility, but I'm not totally certain on how the process would unfold, so I figured I'd put it before the public for advice.

@Chris Fentiman it’s likely either a garage, basement, or similar type of room converted into a bedroom.