I'd double check with zoning and permitting before even contemplating converting it.

@Marian SmithI've never tiled over tile however I did contemplate doing so.

We've lived here for a few years and are contemplating buying a MF here.

I know it will be hard to get a buyer within that time frame.I am contemplating buying it, renovating it and putting it on the market or buy it and try to sell it to an end buyer in a few weeks.

I would contemplate using one of the  5 rooms as the common area for 4 tenants.  

This is pissing on the grave of every dead cop who has died, protecting and keeping safe every self righteous ungrateful whiner in this thread.He then tries to tell us that cops who worry about dying in the line of duty and worry about the welfare of their wives and kids at home while they are out facing death are "paranoid and insecure".I've never seen a more blatant example of out-right cop hating here before and Jason you should take a long look in the mirror and contemplate how many cops have died protecting the society you enjoy.

Right now I am contemplating moving into SFR deals, simply because they produce more cash flow per unit and assuming I want to retire off my portfolio someday, I'll need less SFR's as opposed to condo's to reach my income goals.

When you arrive at an estimated value, then consider your subject property profits from that estimated market value, depending on what improvements you were contemplating you can add or subtract amenities or improvements to that subject for profit desired, either way, after you adjust those costs of improvements, you should then check you comps as they may no longer be comparable to your final subject as planned, seek other comps and arrive at the new estimate if necessary.It's a matter of interpulation working back and forth between values of the repairs considered until you get to an acceptable profit for the work and repairs to be made when compared to other similar properties with like amenities.

I"m now contemplating whether or not to buy a condo and after a year buy a 2nd and renting 1st out. and keep doing that for the next 3 years.  

I think this may be a benefit to those contemplating investing in these sites.Real Estate Crowdfunding Company Reviews---3/1/16This review is for those who are accredited investors, have an interest in making passive income, but have yet to select a Real Estate Crowdfunding platform or platforms to invest their dollars.Let me start out by stating that I am not a financial planner nor do I have extensive expertise in the real estate industry.