Readers should seek professional advice.Hello Ashish,Would love to connect and discuss a little more about the potential tax aspects of all this.

I will work and the business plan and I know i will be seeking more advice once its done.Tonio

Do you know how many times I called and emailed with no response untill I mention I will seek legal help and finally someone replied to me.

Given the abatement option could you continue to occupy 15% of the building with commercial tenants while the rest of the building is converted or is that a logistical nightmare/ideally are you seeking different long term commercial tenants if you go that route? 

A prudent investor doesn't seek quick riches through shortcuts.

I am not seeking to charge each tenant, only seeking to remotely monitor each buildings water usage to identify costly waste/problems early as possible.

They most certainly should seek legal opinions and consult with government agencies. 

I have posted several my experiences with CR of Maryland here, Thanks to Alex, I found out BiggerPocket website because of CR of Maryland since I was seeking good suggestions and helps to get out of the this bad situations. 

Readers should seek professional advice.

most of those transactions you as the buyer pay a premium FAR exceeding a 3% RE fee but people still use them and seek them out thinking they are getting some off market deal when in fact its on market .. its just the wholesalers market not the mLS>