@Ming Li HerreraRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

Not only will you get to enjoy the best views and accommodations, but you’ll also be saving money compared to current prices.

My current interests are out of market investments, so am especially keen to connect with people of similar interest/goals.

Currently own a home with approximately $100k in equity.

Curious of a few things for those that execute this strategy currently:-The city the property is in has a no more than 4 unrelated people rule, would that be an issue for me if all bedrooms were full or does the fact the basement tenants would be short or medium term save me?

Shahaf,If you do decide to go ahead with the conversion, contact your insurance agent and make sure your current coverage for the 2 family will still write the 3 family.  

just looking for best way to leverage for new house HELOC (10 years interest only payments) or a new mortgage on current rental- house smaller worth about 66% of house I looking at and don't want to sell current rental as tenant has been great and older house is situation in middle of 6 lots tear down and put up 3 houses eventually 

You should only consider switching when your current software has a significant flaw or lacks features that force you to spend excessive time on workarounds.

Ask to speak with some of their current owners and current/former tenants.

The market is always right and will quickly tell you if you're on target3) Option to purchase price at current appraisal, $388K