I can't tell you how long a conversion process will take, but I can tell you that their building department is not fun.

That is, of course, the major problem when you use cap rate.

Otherwise most towns like Roxbury, Landing everytime someone moves in you will need to have the fire department inspect the property so you can get a c of o.

I am not looking to make major improvements, but I am looking to enter and secure it.

Areas of consideration:- Rehab to Rental- Flip to Public Market- Wholesale (If the deal comes with major equity and ROI incentives)If you are interested in joining the team, please respond below or connect with me through Bigger Pockets.Best regards,Drew Hantla

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

This lack of response was a major factor in my decision to seek legal assistance.

A couple months of vacancy, a soft rental economy, or a major expense could eat up your equity.

AZ is not prone to major natural disasters so investing there is less risky with regard to those types of setbacks.  

The proposed $38.5 billion deal would combine two major players in the U.S. convenience store market, potentially controlling 20% of the market.7-Eleven, the largest U.S. convenience store chain with 12,601 locations, currently holds 14.5% of the market.