I realizing the duplex conversion strategy is more complex I probably wouldn't try it on my first property, just want to get a sense of what's possible in the Chattanooga market :) Thanks!

Just completed my third self-storage conversion in October with my W2 job at Elm Builders.

Is this a conversion that will also require substantial renovations?

While the cost can vary depending on the scope, zoning, and materials, I’ve seen similar projects run anywhere from $50,000 to $150,000, depending on factors like plumbing, electrical upgrades, and structural work.If you’d like, I can connect you with a few contractors or architects in Chicago who specialize in basement conversions.

Conversion of LTR into furnished MTR and STR What was the outcome?

.: What is the average conversion rate for cold calling using software like PropStream, specifically targeting probate, foreclosure, or tax delinquency leads?

Investment Info:

Small multi-family (2-4 units) note investment investment.

Purchase price: $80,000

Cash invested: $80,000

This is a reno- adding a 1 bedroom unit to a three family home. No a quad.

...

Investment Info:

Large multi-family (5+ units) commercial investment investment.

Purchase price: $932,500

Cash invested: $450,000

20-unit building converting from LTR to fully furnished MTR/STR. Fu...

Purchase price: $220,000 Cash invested: $220,000 Sale price: $250,000 Deal Overview: 7 N Harvard Ave, Tulsa, OKProperty Type: Commercial (formerly a bakery & cannabis dispensary, potential multifamily conversion)Condition: Needs rehabPurchase Price: $220KInvestment Strategy: Flip, Rental, BRRRR7 N Harvard Ave is a unique commercial property in Tulsa, formerly a bakery and cannabis dispensary, now a strong flip, rental, or BRRRR opportunity.

Quote from @Ashish Acharya: @Niklas Zhu If you tear down your STR in 2025 and convert it to personal use, depreciation recapture does not occur at the time of conversion.