This can involve public hearings and meeting specific requirements.Surveyor: Hire a surveyor to map the property and define the boundaries of each condo unit.Legal Counsel: Work with a real estate attorney to ensure all legal requirements are met and the condo conversion is properly documented.Financial and Operational Considerations:Condo Fees: Determine the monthly condo fees for maintenance, repairs, and other communal expenses.Insurance: Ensure proper insurance coverage for the condo association and individual units.Reserve Fund: Establish a reserve fund for future repairs and maintenance.Tax Considerations:Initial Purchase with 1031 Exchange: 1031 Exchange Basics: By using a 1031 exchange, you defer capital gains taxes on the sale of your previous property by reinvesting the proceeds into a new like-kind property.Down Payment and Financing: You're putting down $220,000 and financing the remainder at 8% over 20 years, resulting in a monthly payment of $2,593.Converting to Condos and Selling Units:Capital Gains Deferral: The 1031 exchange allows you to defer capital gains on the initial exchange.

The study identifies with forensic engineering detail the immediate Bonus Depreciation 5, 7 and 15-year personal property class lives qualifying portions of a building that are normally buried in 27.5 year residential or 39 year commercial categories.

Traditional banks typically use depositor funds to originate, picking and choosing which loans to portfolio and which to sell. 

A great way to network and meet people in your local community is to attend in person meet ups.

They're experienced personal finance people and they have it all on 0% interest balance-transfer cards.

It's all about the personal financial statement.

My dilemma is that I worry that commercial lenders won’t fund any renovations or wrap it into the loan.

My rentals are in easter kern county so I don't have personal experience with having Oildale properties managed but if I need a manager in Oildale, I would turn to Sanjeev Advani.

If someone injures themselves and sues, they will be suing the LLC and not you personally.

Of the two options you mentioned, I personally love house hacking.