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

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!

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?

Quote from @Kornelius Friske: We have a STR located in peoria AZ. it's 6 beds (garage conversion) and about 3900 sq ft in total. our energy bill last month was $450 and has been hovering in the $350-$450 range since we went live in august.

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...

I normally advise that people start a business as a sole propeitor in their first year.If it is successful and something you want to continue, then have a conversation regarding entities.