So, if you know or someone you know how to do it, let’s link up, have a conversation going.

@Shiloh Lundahl of course we don't mind you participating into the conversation and get your insights.

If you are self-managing, that's a different conversation. 

Here’s a step-by-step guide to help you through it:**Understand Local Regulations:**First, you need to check with your local city or county to see if the zoning laws allow for this conversion.

They sit empty because the costs to update them to code make a project unfeasible for private money. 

Start posting some ads and start having some conversations with these guys if you don’t get any referrals.you get a better feel when you speak with people one on one.

Research financing options like conventional loans, FHA loans, owner financing, or private lenders.Good luck!

They might not be able to finance the entire purchase amount like other investors using hard money or private money, but they have been doing it long enough to build up a bankroll that can pay for down payments and repairs.Final ThoughtsThe 70% rule is more of a guideline, not a hard-and-fast rule.

However, an option holder won’t be able to stop a private sale from occurring (unless they find out about it before hand and obtain an injunction); the option holder would most likely need to initiate legal action after the fact. 

Don't jam RE down their throat, instead, wait until the conversation shifts to "so whats going on with you?"...