There are too many variables related to you and your lendability to give a solid answer on this. 

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.What else can we assist you with?

Hello, although I do not have experience in converting Industrial to Residential Units, I would say, understand what the Building Dept. requires to make this feasible, for example, some jurisdictions require that each unit have one covered parking space (carport/garage etc.).

., I understand the law is the law, but the law is made to force folks doing much more than raking a yard or replacing a loose step to become a contractor who has insurance etc. 

I guess I am more just trying to understand it all and understanding what possibilities could be out there and what would have to be done or would be best for me.

I understand that it is advisable to do due diligence before bidding.

I'd love to make contact with him and just got an understanding of the viability? 

I would call that a great win and solid purchase for building long term equity. 

Set solid policies and apply them every time, without fail, and your life will be much better for it.

While building your team, it's important you understand the motivations of everyone on your team.Property Management Company (PMC): No one else on your team should be as vested in a long-term relationship with you as a PMC.