The presenter lost me when in the initial free seminar the speaker was talking about how it was easier to foreclose on an owner than to evict a tenant.

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.

It seems that all posters above are focusing on building code which is irrelevant decades later.Municipalities enforce the maintenance code in the present for preexistent structures.

What I read of the Note Offering before it was recently changed, it READILY presented as a hail-marry business strategy.

After 4weeks, they will present me with houses that I can purchase. 

Tyler laid out a terrific sales pitch, something like you would get at a timeshare presentation.

But ideally you don't tell us, you are just going to have agents pitch their city like @Julian De la Guardia & the sort.

Many 506b deals are pitched to new students including ones that are failing and the students have no knowledge in this industry to understand what is being presented.

Went through extra fast because the developer really had no other good optionsI doubt we'll know the full details for years to come but I'm curious if you have an opinion, or if there's other probable options C,D,E I could be missing as just a public bystander to the situation

Morby is not presenting those solutions, whatever his motive may be.