In my personal opinion the seller should be aware of the market value of there home both before and after renovations and choose to sell to a wholesaler based on the convenience, timeline, inability to sell the house on the market, etc. 

I'm based in LA but do this more or less nationwide. 

A lot of that is referral based or people find my site online, organically. 

If you run a lending as business, your interest will convert to ordinary income and could be passive based on your involvement.

Was this attorney based in CA? 

I ended up not even going STR after digging into her projections and finding out they were not realistic and were just based on city-wide data.

Most investors take a look at the available rental units in a particular market,  determine if its a good or bad market based on DOM and either dismiss the market all together or replicate the housing units that are absorbed.

Nobody ever tests for lead-based paint in homes built before 1978, because once you test you have to disclose.

This would not necessarily be the case, or the spread could go the other way, though such motive could present one reason for conversion.I am not even sure if rent control gets eliminated through a possible condo conversion in most towns in Hudson County - West New York, for  base condominium rent > $1000, is one exception, it seems valuable to determine the others.

Hello,My name is Luke Helliker, and I’m an investor based in Chicago.