I would think the buyers pool is limited because it's considered a non-conforming multi-family.

I am considering refinancing all the conforming loans with a local community bank.

I understand that the terms would not be as appealing as on a conforming mortgage, but I'm prepared for that; there is enough room to still cashflow. 

I would also use a higher maintenance cap/ex reserve based one 1) the condition of the collective portfolio 2) the fact that these are not a single conforming building, but a bunch of singles with a lot of surface area. 

You'll see quite a bit of it on some of the properties on that street.The property is legal non-conforming.  

Non-conforming 30yr fixed at 750+bps versus conforming at 600bps - historically very high and indication that banks are being VERY tight 3.

Title seasoning is becoming an issue for both conforming and FHA loans.http://www.biggerpockets.com/forums/92/topics/25417?

Conventional loans are loans that conform to the Fannie Mae and Freddie Mac guidelines.

After the 72 hours notice has been sent, they text me the message said that due to the electrical bill too high (about $1,000 in two months) that made them encounter financial hardship and blamed that they had to pay electrical bill for the entire property (meaning the basement unit included) The property ,actually has two electrical  meters and paid separately .I called the Electricity Company and have them confirmed that.The only problem is there is a dryer has been hooked on the electrical panel that belong to the upper unit .After received their complaint I had the Electrician to check the two panels to find out the problem and will have him fix it right away.I want to evict them ,but they threatened to sue me about renting the property illegally,because the basement unit does not have the egress windows, it has two non conforming bed rooms.

And this rule is from Fannie/Freddie loans....or "conventional, conforming" loans.