The long and short of it, you'll more than likely need an architect to draw plans to do the conversion.

Much of this is on me for failing to enforce the lease terms - especially around an inoperable vehicle.

Its like Fix and Flip loans/business purpose loans are now called "RTL's" real estate transition loans - same thing just different nameI know AAPL was trying to get away from the term "hard money" because for some it has a negative connotation but to me its all the same. 

Growing My Cash Buyers List: Initially, I relied heavily on a small group of cash buyers, which limited my profits and left me with tougher deals to sell.

I also continue to market and show the apartment during this time up until a lease has been signed and all move-in fees are paid in full in guaranteed funds (cash or wire only).  

So knowing this was in the urban growth boundry but most likely a long time from anything happening..

Consistent attempts through multiple channels goes a long way. 

They give out max terms like candy there.So, I'd say if you are ready to make the leap into RE, i.e. your credit is good and you have capital, then you should. 

You could agree to raise the property price by some percentage of the repair and finance it into your mortgage to avoid taking the financial hit in cash if you are financing the purchase.

For your long term success it does not matter as much if you have 10 doors or 100, as if your portfolio value is 500k or 5 million.