What we've seen is broken pull chain switches but never a failed motor.

Rentals are a gold mine in the area. 

But I do remember reading it.Here’s the most recent article I found on it from last month.https://www.freightwaves.com/news/isfs-could-be-the-next-industrial-real-estate-gold-rush/ampI plan on digging deeper into this asset class as well.

Treat the leads like little gold vegetables you have to carefully cultivate.

It can take years to quiet a title if the chain is messy.

Some of these people will go back to hotels for benefits such as location, onsite services (food, fitness, pool), chain consistency and reward programs.

It's rare that you have an excellent renter that appreciates getting something below market and treating it like gold. 

I understand that if i was doing a BRRRR or rental property that 118% would be a pot of Gold but how do i view it in light of seller financing/buyer financing?

The factors here are several layers deep...1- The threshold decision is rooted in local ordinance and zoning...if you're in an area with tight local ordinances you're fighting with the people that live in the neighborhood before you ever reach the city zoning folks...this can go one of many ways2- ROI on the conversion...you're first stop should be with a local architect...they are worth their weight in gold when navigating a project like this and will wade through the regulatory waters much better than you...and a simple phone call may be telling to whether the conversion would be permissible.The extension of this is the cost of the renovation in relationship to the rents received...the stars would really have to align to say you should spend a significant amount of cash to convert a performing building with 4 revenue streams to serve another function (but there is more to this)...and the cost of construction (and lumber in particular) is 5 fold what it was 1.5 years ago...3- As you indicated...exit...I think the only rational reason to convert a 4-unit would be to get condo status or single family/ shared wall and sell one or both of the units to an end buyer (you are basically paying the role of a speculative developer here)...this is happening frequently in locations like Olde Towne East and Merion Village...hard to demonstrate how successful this has been, but it seems far fetched reasonable consumers would pay the same for a  free-standing SFR they would for half of a "duplex" or condo, but who knows for sure.Either way you look at it you're in a residential appraisal situation on the comparable sales approach....4 unit buildings are still "single family" homes. 

Kind of hard to do flips and maintenance work on buildings when your costs are doubling every 12 months and supply chains can't keep up.