Purchase price: $350,000 Cash invested: $10,000 Sale price: $435,000 Primary residence converted to a rental after 2 years.

Purchase price: $325,000 Cash invested: $150,000 This was our first primary home and was converted to rental after living in it for 10 years.

Quote from @Salil Surendran: You MUST convert to landlord insurance.

Quote from @Joshua Land: Look to learn, and hopefully implement converting my duplex into an assisted living center.

I bought 6 unit property in Wildwood,NJ,
in November 2024, doing rehab now, should be done by May 2025
I am planning to subdivide 6 unit building to 6 separate condos and sell fall 2026, , if there are any experts ...

I do not believe converting to condos would decontrol the building.I own a 4-unit multifamily in Union City and am considering condo converting it at some point in the future, though I do not think rent decontrol would be among the potential benefits of the conversion.

The tenants are currently in court with a title dispute so the house would have to be paid for cash only.I would like to convert it to a primary residence and turn the garden level into a separate two bedroom apartment for use as an in law suite.

I bought 6 unit property in Wildwood,NJ,in November 2024, doing rehab now,  should be done by May 2025I am planning to subdivide 6 unit building to 6 separate condos and sell fall 2026, , if there are any experts in 1...

Converting an unfinished basement into a third unit can definitely add value, especially here in Chicago.

As I approach my move out strategy where I will be converting my upper unit into a STR, I often think of guest interaction amongst the two units.