It would be really helpful if there is tax code or written rules I could provide the IRS.Any help or recommendations are appreciated, thanks!

I've completed several condo conversions here in Columbus and the attorney fees were around $5k, plus you need to hire a survey company to provide you with a condo survey, and you will also need to hire an architect to draw up the final layout and measurements of the interior....both of these documents from the surveyor and architect will then become part of your HOA condo docs.

Here you will meet wholesalers who provide deals and rehabbers.Two Great reads, I bought both J.

I've had banks do the seller provided 2nd on some apartment buildings I bought, but I've never seen one do it on such a small asset like this.

That's great and all but the dude has still provided zero meaningful input and does nothing but spam multiple posts in a row about how dumb everyone is and how he's the greatest thing to ever happen to real estate investingIn general a lot of people just use the wholesaling forum to troll and never provide anything of valueTo answer the OP, I don't think you will learn anything that you can't find out yourself but it's all about what works for you.

But you can de-leverage your risk in several waysa. hire an experienced PM or partner with an experienced operator in exchange for some of the profit. b. finish the project quickly and provide financial incentives to the contractor to do so.

@Limor HananniaIt is a non recourse loan and you can Google it for lenders who provide them.

This has allowed me to build not just my real estate business but also a home services business which has really taken off and provides additional income streams for me between my flip/develoment  paydays.

It may not be one of the large ones, but if you provide them with the steps, it could be a great way to initiate a local pipeline.

@Alex Ng would recommend YOU pay the bank, but provide proof to the seller so they know you are doing so and not ruining their credit.Who has the online access for the mortgage?