Most likely in an expensive area like California your cost per square foot will really make this conversion worthwhile.Lastly, if you are going to take the gamble, make sure that in worst case scenario that you will at least recoup at least the same amount of money you put in, and that the house will sell faster. 

This "Buy High, Sell Higher" philosophy is risky in my opinion, but when inventory is low and capital plentiful, there are people out there ready to take the gamble. 

The house is located across the street from southbridge park, conveniently located to the highline canal, light rail, shopping, C-470, and a really good school district.

BP offers free online courses and videos for you to watch and learn from making it so convenient to learn about real estate investing.

Most residential mortgage folks (brokers and real estate agents) I've encountered demonstrate an understanding of convenience when it comes to CMHC programs.  

I've actually done the same thing with washers/dryers that I provided as a convenience to the tenant because I had extra ones.

I was asking in general, because it could be a convenient way to conduct business.

So just because it looks close, doesn't mean it is convenient.

Another consideration that most investors conveniently choose to ignore is that when the send there dollars away to die although they think they are increasing cash flow the ignore the simple necessary calculation of the value of that equity.

If you are unable to do your own title work, you are gambling that there is nothing wrong.