The idea is to convert a multi-family building into condos; but not in the traditional sense where you separate pre-existing apartments into their own condos; but in a way where you combine the common areas of all of the apartments in that whole building, and turn the individual rooms within those apartments into condos themselves; thus transforming the hallways, kitchens, bathrooms, living rooms, dining rooms, porches, balconies into common areas of the condos. 

-----------------------------Today’s Interest Rate: 6.93%(👆.21, from this time last week, 30-yr mortgage)-----------------------------Today we’re talking: housing market, interest rates, and a quick update on my latest rehab and rent project. 

I’d love advice on leveraging my existing assets, navigating seller finance deals, or other tips for scaling effectively.

Our current focus is workforce and affordable housing investing.

A PM sends someone for maintenance and that's valuable info on how the house is being treated.

@Jared Haxton You are not going to be able to do an owner finance transaction without paying off the existing loan.

I decided not to go that route and start looking for a good PM in Kansas City to buy some cash flow houses through and manage.

I'm not even sure something like that exists.

When entering the apartment, it just feels like a house full of squatters. 

But you also SHOULD have some vacancy and some capex on an 80 year old house.