Also when we resold as condos years later we were taxed on long-term capital gains as they were condos already (if you convert multi to condos its short-term cap gains).Given the cost of ownership (including my own time) I won't buy unless it's a steep discount or I have a strategic reason (buying my own office space).  

Been there, done that.What I suggest instead is either persuading your CPA to do it for you if he is capable and available - or upgrade to another accountant who can be more of a strategic advisor to you.And one more thing, based on my 20+ years as a real estate accountant and a few of those years as a financial planner.

One strategic buy in a nice area for me will capture years worth of in the trenches hard slog cash-flow.   

We have recently started an LLC called Strategic-conversions.

If you are looking for the right strategic partner that has relationships with the best agents, permit expeditors, contractors, deals, etc.

Don’t be so quick to spend 3000 on marketing without really have a strategic outlook on your return on investment.

This question is a strategic financial question having to do with investment alternatives, and is specific to you... so actually isn't a question that anyone can answer meaningfully for you.All else being equal, I woud'nt even consider it until if/when you've reached a point in your life where you do not plan do anymore deals. 

Purchase price: $70,000 Cash invested: $38,000 Sale price: $205,000 Property Investment Summary: 7672 Bernardo Dr, Riverdale, GAThis property represents a strategic investment that leveraged market insights and renovation expertise to generate significant returns.

Ideally, you're someone who appreciates the value of real estate as an investment vehicle and is looking for hands-on expertise to maximize the return on your investment.Our Goal:Together, we will target properties with high upside potential, focusing on strategic acquisitions that can be quickly turned around for profit.

You want an accountant that can help you strategize and who is responsive when you want to know the tax consequences of the decisions you are making throughout the year.Good luck and let me know if you have any questions.