Initially, I thought this would be an ideal tenant, but after I switched management companies, that tenant/contractor stopped paying rent.

I initially offered $200K in cash, but the seller countered at $240K.

The initial plan was to do minor cosmetic things and bring the kitchen and bath up to date but not knowing this fact made our $5,000 budget go to $50k costing us the two year full rehab.

You'd also need to establish a budget, and secure a master insurance policy. i THINK you need to do these things before reaching out to your municipality to have it converted officially with the county or city but they would be the first ask for steps in order.i will add, this would make financing on these units a bit challenging, as in the mortgage world, at least initially, they would be considered "non-warrantable" condos.

A low opt-out percentage appears like you have a clean list of people who initially opted-in to receive your messages. 

My career has been centered around helping businesses scale through strategic sales initiatives, but I’m now channeling that same drive into real estate investing to build long-term wealth.My wife and I are in our early 40s, both work full-time, and are raising four amazing kids.

Moving there initially since low down then ideally want to rent some rooms to cover mortgage!

@Abel Curiel, When I first drove by this property in my initial search it caught my eye...out of the 100 or so properties i had on my initial list this is the only one that I had memorized the address of. 

For example, the estimated cash flow RTR shows is usually higher than what I calculate.How about the initial investment?

the value added versus cost to add, especially in single family zoned areas, typically results in a large negative initial position.