Having both worked in the corporate environment, we are seeking to move in an entrepreneurial direction.We are just beginning to investigate flipping houses.

Incredible @Dawn Anastasi!!  

This site has been an incredible learning experience and helped me pull the trigger!!  

Condos are regulated by NY Department of State and you have to file all sorts of fun stuff with the AG.Peek at these then I'd suggest consulting a RE attorney or maybe a commercial RE agent who's got experience with conversion.COOP Condo Conversion Processhttp://www.ncsl.org/documents/environ/NYcondo.pdf

About your interest in my market: Brazil has entered into a recession and is now fighting against a political crisis, where congress and president can't agree on fiscal adjustments that must be made to "stop the bleed", Not to mention that currency devalued over 50% in the last 18 months (think of inflation in a recession environment), unemployment rise, and interest rate up at 14.25%, hence credit became scarce and expensive.In this light, construction industry, that represents 10% of our GDP, is among the ones that are suffering the most: prices going down, growing unsold inventory (24 months in certain zip codes), etc.

@Michael Kevorkian - Thanks for the info you provided via email - read through it with great interest last night, very insightful indeed and incredibly educational !

Wasn't the best deal but defined learned A LOT and had the advantage of it being my primary residence so I got an incredible financing deal.

I was incredibly lucky to get the house when I did.Thanks for the welcome.

However, licensure requirements or the potential requirement for a license is not conveyed to attendees of these seminars, presentations or coaching programs.Again, I don't wholesale (except when I purchase a property outright before I resell it), so I have no vested interest in the outcome of this debate...That said, the information above is incredibly vague. 

Could be that when your current tenants leave you are no longer grandfathered.I would put more effort in keeping the environment nice whether with renters or owners.