Talk to a CPA about this as you might want to organize things to be in a low tax bracket this year to do that conversion.

In Atlanta, ours is a non-profit REIA.

We already got rid of the wallpaper and painted the walls, my husband got rid of the green laminate floors and installed new flooring, we have also found an awesome vendor who organized brand new stainless steel appliances for us at an awesome price, we are busy replacing the white appliances as they cave in on us. 

But we learn and we get up, brush our shoulders off and move on :)Thankfully, I was able to network with a local construction organization that was doing work in the area, and signed the house for a 2 year contract to house out of towner workers. 

My approach has been an organic outreach with an invitation to connect and hopefully a brief conversation to see what kind of deals they fund, criteria and if we would be a good fit. 

So, do the work; apply with the state, pass the exam, get fingerprinted, put your license with a firm, and join the professional organizations required to practice real estate in Florida. 

Have you considered giving the same proposed money to a reputable non-profit to be distributed based on documented need?

Having your financials organized each month via rent roll will give you a great look at the monthly costs as well.

It is a nonprofit that offers amazing benefits. 

@Giovanni Cardenas, As surely as multiple organs are all working simultaneously...you have to ride those horses simultaneously....never stop finding funding, never stop finding buyers, never stop marketing, never stop diligently seeking deals...unless you chose to retire or have trained someone to do it on your behalf...or both.