I appreciate all of your help, and it is really nice just to have contact/conversation re: r.e. in general, so I would love to be as kind as to help you too!

Also, apartment conversions and condos, same thing.

Just some comments to flipper 101 as to that land contract transaction that went south.Well it does not surprise me since anybody can bind the other and to split the legal title with the seller and equitable title going to the vendee or buyer can lead to diasterous results on the title on the property if the buyer claims an equitable interest which he has..and getting a tenant out if he defaults can proves to be a nightmare and how he binded you by encumbering the property is unbelievable.If you suggest using an outside entity such as a trustee why not just use a land trust and get all the benefits of using that enitity and thus by the trustee holding bot the legal and equitable title called the doctrine of equitable conversion now you have a situation where not other party can take advantage of one another and you would all vote to your designated trustee on any and all affairs of the trust property due to it being a beneficiary directed trust so you must ALL be in agreement, sure avoids litigation and disputes and no one can circumvent you on your investment.I know that feeling of getting burned which is why I use land trusts in my investing since all parties are equally protected in any given transaction.We all made our mistakes in this business..that is for sure..

Has anyone ever done a condo conversion project?

I've been thinking of perhaps doing a condo conversion.

I called Mr. Hays today and he actually answered the phone. I thought I was going to get a voice mail. He said that money should start being distributed by the spring time. He said usually in cases like this we wou...

Or any insights on the best way to do a condo conversion?

Then I transfer "permanent" items into the new one; tax and insurance papers, paid bills for "capital" improvements etc.

As stated before, you would have to be able to purchase the product cheaper than what the local wholesale distributors are selling their items for.

This is handled just like any other prepaid item like taxes.Leases run with the property, not with the owner, so you are locked into honoring the (financial and calendar) terms and conditions of the old lease.