The "exchange rate" for conversions of tax deductions to tax savings vary from investor to investor.

It’ll be a 1-2 yr payback on the conversion cost, or even less if you need to restore the pool in the first place.

Conversing with any poster who is new and tells us how "great" their mentor program is that costs $20,000.  

Shahaf,If you do decide to go ahead with the conversion, contact your insurance agent and make sure your current coverage for the 2 family will still write the 3 family.  

I did have an interesting conversation with their "director of education" who spends an hour to see if potential students have what it takes to qualify for their limited number of coaching slots...in less than a half hour he decided I wasnt a good fit for their program, and hung up on me :-) My non proprietary "secret" is; think about who the buyer is, figure out what they want and give it to them.

Thanks for the conversation. 

The conversation went well.

I find it’s tough to bring California (the Bay Area) in on the conversation because it’s such a different beast from most markets and people have been conditioned to look down on California from what they’ve heard online.

As such the building was zoned B1-1 due to 1 unit intended for retail use.It would be great to see a use case for the conversion that allows convectional financing for the zoning change to residential RM-4.5.

You should have an understanding of what the per door expense is in the market, and then take into consideration the age/condition of the property.If you don't know what to reserve, have a few conversations with property managers in the market and talk to community banks who lend on the asset and ask themGino