If the numbers work out then I can care about viewing the property and hopefully it is a neighborhood that I want to live in. 

Hello Capt Cunningham,I work out of Hanscom AFB MA.I would be willing to sit down with you and discuss investment properties.I am TDY this week to SLC.Paul

If you've done your math, added all of your safety margins, made an offer, and the deal doesn't work out, on to the next!  

I work out of Vaughan with a specific focus in Vaughan, Kleinburg and few pockets in Toronto.

I have seen many investors work out much harder deals then this one.

It is also a capital intensive process, but a condo conversion is usually the highest and best use of the property.One thing you really need to keep an eye on is to make sure the properties are renovated to the quality that will bring in conventional loan buyers or all cash buyers.

However, in my experience, unless the realtor-broker has the resources and skill and time to properly manage the process it doesn't work out.

It would still work out going either path I think, I mainly want to make sure my time is utilized the best with the overall goal of a bigger rental portfolio.

@Jeff M.try Lima One--based in SC, do business in NC...try Longhorn if Lima doesn't work out.

It's a great idea, as long as the numbers work out.