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Updated over 3 years ago on . Most recent reply

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21
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Laurence Fru
5
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21
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Converting 3 family to 2 family

Laurence Fru
Posted

Morning all, 

I'm in the process of looking into purchasing a 3 family with the intent of partial house-hacking. In truth, this will be more of a family home, so the plan would be to turn the 3 family into a 2 family - taking the top 3 floors and making them into a owners tri, and then having the basement unit as an Airbnb. 

Does anyone have experience with changing the designation from 3 to 2 family? As this would be one of my first major projects here, this is all pretty new to me. 

Are there any errors I can make with doing so? 

The current tenants in the property are on a month to month lease, due to the nature of the work I would be doing, I would likely be looking to purchase as vacant.

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