If it was still there, they would hire one of their vendors who charge too much to take it down and then send you a bill.

I spend all my time in commercial and my ability to assess a residential property is about the same as my ability to assess the tea leave market in Tokyo...I could make some general assumptions based on investing principles but assumptions are all they are.

That can come from cash as well as the ability to obtain emergency funds.

This gives me the ability to have my days free and time to focus on rehabs and getting additional licences.

Also, I would do some serious due dilligence regarding the ability to sub-divide the lot.

If you are in for the long haul, the right time to buy is whenever you find an opportunity fitting your investing goals and within your means and ability to complete the purchase.Trying to time any market for the "right time" is foolish, risky and rarely successful.Set your investing goals and parameters based on the conditions you see around you and then execute to your plan.

As a quasi-govt entity, they are not subsidized directly but they are as to losses after their ability to cover the obligations.

I also like the ability to be able to sale one property but keep another without redoing loans on all of my holdings and being obligated to use all the profit to pay down one large loan.

If they do we see how they might effect our ability to run our business.

The ratio of owner-occupied units verses rental units will affect your buyer's ability to get financing to buy those units.If you are going to convert, the exit strategy would be to convert and sell them ALL as owner occupied units.