The other markets might be as well, but what I know about my market is we saw 2% appreciation throughout our mls last year despite the national news of real estate being in a decline… we are so insulated from the “bubble” conversation.

It's not that big of a problem if the zoning allows for 3 units on a property of that size, however in most cases like this the conversion would have been done illegally or at the very least is no longer a conforming use.The shared water meter is pretty typical for multifamily here in Tampa.

Sounds like you need to have a conversation with your agent to clarify what costs you want the seller to pay.

I'm navigating the process of purchasing a rental property for the first time and would love to hear the forum conversation insights.

Conversely, I’ve seen property managers who excel in all these areas, and the difference they make is night and day.

In those cases, the taxes could redistribute from larger buildings to smaller buildings (4 units and below).I own a lot in Middletown and surrounding areas and would be happy to have a conversation with either of you if needed so you know how to play the game.

I run a FB group for STR Hosts of North GA & this is a topic of conversation lately.

Is there anyone here who either has experience in hotel to apartment conversions or is interested in getting into that field?

I remember this exact conversation on a prior purchase and did use that disclosure requirement to lower the purchase price even though the value was justified by an appraisal. 

BP, 
I’m looking at an 8-unit deal in the Northeast that was historically a non-profit co-op with tenants already in place at substantially below market rents. The broker mentioned that the co-op will be dissolved up...