Make sure to factor in insurance (slight change as rental), property tax (in our market is 2x a primary res), vacancy (3-5% in most markets), capex (old roof?)

Or am I totally off, and the seller has to perform the conversion before I can make an offer?

Same tax situation and more likely higher potential to appreciate faster.

I'm happy to share those numbers.2) Orlando has already declined quite a bit off of the peak RE values. 

The information shared is based on my experience and industry knowledge and should not be considered legal, tax, or financial advice.

You are already off to a great start with a lot of great advice from the community.

In mid February, many tenants get caught up when they start getting their income tax refunds (depending how fast they file).Income tax refunds also give tenants the needed funds for first month of rent + security deposit, so they can move.Check out this graph, which was created from tens of thousands of data points:Regarding your property, suggest the following:1) Where specifically is it being advertised?

With a DSCR loan you can do a cash-out refinance off the appraised value with as little as three months seasoning!

The actual mechanism for moving the LLC would be best to consult an attorney or tax professional.

But, as I write below, I backed out because my scope of work got too big for the project and chickened out.