It has taken us almost three and a half years to get to this point and most of that was the one year seasoning period from the lender and working with them to get the required documents for the county recorder.I'll definitely check them out.

That does not mean you cannot make a good return, it just means you have a highly compressed period of time to do it.

If the money is not there by the end of the grace period a rent demand notice gets posted on the 6th.

If the new owner brings the property in compliance before the 90th day, then the new owner is free from the strict liability, even if a child is identified with lead poisoning during the 90-day period.

Yes, it's a 10-year declining dependent up on your term length and amortization period:  What You Should Know About SBA Prepayment Penalties | Pursuit (pursuitlending.com)

But use BRRRR and legal entities in such a way that you don't want to wait for the seasoning period, and you can BRRRR every month.

Period.

I’m currently buying a 6 unit that will cash flow 5X the amount in a short time period compared to the garage conversion.

I would have no way to stop the Bank foreclosure during the HOA redemption period and could get wiped out. 

the biggest indication of a investor failing in real estate is not having enough reserves to get through the rainy seasons of the investment where as people who can get through over a long period of time do extremely well.