The fact is that anyone who takes, leads, or carries away the property of another with the intent to convert it to their own use or deprive the owner of it is committing a crime. 

But that's still a far cry from converting an R1 to R2 .

You'd think 60 years would have cleansed all that but it hasn't.You might target social service and local agencies since this property was in the past a half way house or similar and was only converted to market housing to make the sale to you.

Which is why you may want to consider starting in multifamily and convert them to airbnbs which is what I did for a while.Best of luck to you. 

I really like having multiple opportunities to make income from 1 property, including a worst scenario of converting all the units to LTR. 

Several factors at play: the sales market has been slow so many would-be sellers are converting houses they can’t sell to rentals, lots of new construction units have been completed recently, and in-migration has slowed down a bit.

That might include things like adding units, converting commercial space to residential, or finding ways to boost income (like adding parking).The key is recognizing opportunities while walking the property, and that takes experience.

.- The commitment letter says if I convert the leads given by the TL I would get a 50-50 split and if it was my lead through my COI/SOI while I was on the team, then it is a 80-20 split. - I had a few COI/SOI leads while being on this team who have not signed any papers with me or any one on the team as of yet and won't for the next 2-3 months.

If you are not attached to the duplex, could be a good time to sell to developers who want to convert to individual condo units.

I tried to convert a historical house and saw all the requirement the national historic house asked and gave up.