Apartment to HOA Conversion

[Andrew Oconnor]

I'm completing a business plan for investment in multi-family apartments, adding value, and exit strategies. Does anyone has experience with conversion from Apartments to HOA's, and the pros and cons for doing so? It seems like a great way to supply affordable housing to a market, but also having an incremental exit strategy that has a larger buyer's pool than trying to sell the entire building to one buyer.