It all depends on your goals.

There are rehab grants available; depending where you are located.

The permit timing and nuisances depend on what part of San Diego county you are in, whether city of San Diego or different parts of the county such as La Mesa, for instance, where it took me quite a bit longer to get a permit for an ADU conversion than it would have taken in city of san diego...I'm 3 weeks into construction.Good Luck!

It depends on your view of the government, I guess.The trustee of the WLLC is the one who would sign on the deed so my name would be out of it.

I'd be willing to live in it which appears to have some benefits for a condo conversion depending what town you're in.The thought being that we could buy a duplex/triplex/quad, convert it to a condo, and sell off the remaining units leaving me with (at the end of the day) an affordable housing option.Here are the condo zoning laws that I found for Sunnyvale: https://www.huduser.gov/portal...My understanding is that they don't do condo conversions with <3% rental vacancy rate, but it looks like it was 3.1% from the most recent HUD market analysis for my area that I could find: https://www.huduser.gov/portal...Does anyone know someone who has done a condo conversion in the Bay Area?  

Overtime depending on the property and location, I think it will do well.

Depending on what the gain will be, it may have been a good thing to do.Selling a property is a meaningful taxable event.

You can have an amazing or nightmare experience depending on who you elect to place into the property.

Refinancing success depends on post-renovation property value and market fluctuations.

The answer is, it depends..