Should I convert a rental complex into condos?

[Marina Kedrub]

I am considering converting a 47-unit building in Oakland, CA into condos. The primary reason is to avoid local and CA rent control ordinance in the future (the building will become a subject to CA rent control law in 4 years). The units have separate parcel numbers and have already been condo mapped. The conversion will involve completing a few legal steps which may take up to a year and cost $30 - $40K to complete. I am a long term investor - owning a non-rent controlled building in 20-30 years from now seems very valuable. 

Question - are there any complications that may arise as a result of this conversion in terms of financing, obtaining insurance, management, expenses, future sale, etc.? 

Thank you!