If any body can relate, any insight will help greatly. 

Hi Ethan,a) Not crazy, if you can navigate all the regulatory stuff.b) Honestly I do not know a lot about this one. c) It's relatively rare for a condo conversion to be sufficiently successful on paper that folks can get Agency 30YF loans on it, which dings value significantly. d) What folks have been doing with short term rentals in the bay area has knocked my socks off.

If a real estate agent tries to pull a fast one, there is always the Commission, or regulating body, or even their Broker to go and see.

Your doctor takes looks at several of your body’s individual components – reflexes, blood pressure, and medical history – to make an overall all determination of your health.

Any body in SoCal with the same interests?

Any body know of any Vacant houses in the Bay Area?

My guess is that not only are they going to be worried about future occupancy you can't prove yet, but they're also going to worry about the unstable regulatory environment we're currently in with regards to short-term rentals.

Sure tourism may slow down at times during the year or during a recession, but I'm talking about regulatory changes to AirBnB cities and stuff out of your control. 

This is really no longer a DIY matter with the new regulatory issues, you could lose your property if it is not done properly.An attorney can provide the service required by law, but IMO MOST will miss the financing requirements to make the deal work.

I can't help but think of the high standards we are held to by the state fire marshal's office and other regulatory bodies and some of the inane repairs and adjustments we've had to make over the years.