Quote from @John Ringgold: Great conversation! 

But his is not the conversation though since the OP is talking about existing retirement funds that are currently invested in wall street. 

I found this deal through a conversation with other condo owners, who mentioned that the seller was motivated to sell.

I think a handshake conversation goes a lot farther than a phone call (old school).  

I indulged while trying to make my way out of that conversation.

For the modifications, cities generally focus on safety and code compliance, but since you're considering structural changes like wall removal and garage conversions, obtaining permits is key.

Follow up with networking and small conversations with investors.

I would have a conversation with the tenant to see if they know what they are doing, allow for inspections and impress upon them that if anything does link I want a call asap.And of course - charge a pet rent.

If you’re considering holding multiple properties, managing cash flow within the account to cover these expenses is crucial.If you convert a Traditional IRA to a Roth IRA, be aware of the tax consequences, as the conversion amount is taxed as ordinary income.

Unfortunately, these conversations ended poorly, and we are no longer in contact.