Lunacy, but it worked in our favor.I was able to sweet talk my way in and check the place out after my realtor told me about it.

When they arrive at the new destination, there is home sweet home waiting for them ... their home travels with them. 

Thanks Mario, that is very sweet.

Sweet deal.

It looks like the sweet spot is ATL, PA, KC according to your chart with both appreciation and cash flow.thanks

It sounds like you found the sweet spot in CA.Every investor has specific needs to fill.

I've always wanted to visit SC...sounds sweet!!  

To keep it short and sweet, I have about 20-25k cash currently sitting and I have to get it to work ASAP.

If one takes their sweet time, it can big the whole process down.That being said, if you're talking about a HELOC, the process is more time consuming than an unsecured LOC because the bank will order an appraisal.

From what you've described I'd be very careful and possibly not do it at all.I think you should research or talk to some people who had done condo conversions in the last cycle.I didn't do any, but my impression was that they really took off when singles and small multis became prohibitively expensive, but the demand was still there.While our market has certainly come back compared to, say, 5 years ago, I don't exactly get the sense that we're at that level of demand, the "condo conversion sweet spot" (when singles/multis get too expensive, but before the whole market falls).Besides researching the condo market in general over the past couple of years, another thing you'll want to pay attention to is the "affordability index" for SFs as I believe that is related to condo demand.