'BTW, that collateral you have- I am going to strip and transform it beginning tomorrow.' 

Pittsburgh has gone through an amazing transformation from it's steel industry days.

https://www.amazon.com/Transform-Business-Cash-Eating-Monster-Money-Making/dp/0981808298/ref=nodl_

Adding a headboard to your bedroom can transform the overall look and feel of a white room, all while giving vibes of sleepy sunday mornings.

Its really cool to set goals, and see them transform.

Another thing to look at is Single family homes that are zoned as Two unit homes or row homes so you can easily transform them into dulpexes. 

See an example from one of my listings below.They were even able to take a completely empty dirt backyard, and transform it into a landscaped yard to go along with a landscape allowance that the Seller was offering.It's amazing at what the virtual staging can do for giving vision to potential Buyers/Renters who otherwise wouldn't have any (vision that is).I hope this helps!

I have a spreadsheet to track how much I accrue/set aside each month based on the rents I expect to have coming in.My banks let me have these accounts for free with some nominal minimum balance requirements.I have separate accounts for:Working Capital (main account, rents come in, mortgages go out)CapexRep/Maint/VacancyTax/InsuranceCashflowTenant deposits (for self managed properties)https://www.amazon.com/Profit-First-Transform-Cash...

I bought a house in CA a few years back that had a backyard shed that was transformed into living space (guest house).

Am I able to take a single family property and transform it into 2-3 units?