When we converted our first property to a STR, I thought I needed a property management company and actually looked forward to hiring one so it could be a more passive investment. 

I'm assuming I can itemize in 2021 and then deduct the full $27,000 from my 2021 taxes since the property will be converted to a rental property in 2021. 

All the examples I found were converting rentals to primary residences, wasn't sure if the same applied the other way around as long as I met the 2 year ownership/residence requirement. 

Listed on the MLS as a triplex.2,000 sq ftMain house: 2/1Converted garage(Studio): 1/1Studio: 1/1Year built: 1960Location: Ontario, California (Inland Empire)Here’s the problem -The neighbor filed a complaint which brought the city to do a home exterior inspection today.He stated there is no permit in his system since the year 2000 that showcases anything on this property as being built - He says the back two units (converted garage + Studio) should not be there.He let me know that there is a chance that there were permits pulled prior to 1999 but I’ll figure that out once I receive the county accessor document that they just mailed me today.I called the seller’s agent immediately after.

Converted two half baths to full baths.

One unit can be enlarged from a studio to a 2-bedroom, and we're also planning on converting the garage and part of the basement into a fifth unit.Now, we're faced with a difficult decision.

I am slowly converting more of my units into medical housing since it has been so great. 

My husband and I just moved out of our primary in Denver (U-Hills) and converted it to a rental.

This basically means that a SFH was converted into a 3 unit and most banks will now do a residential loan for them.

Purchase price: $390,000 Cash invested: $150,000 Former Hebrew School converted to multi-unit condo residential with high-tech amenities and limited capital deployment to launch and hold investment.