Hi Marie,I'm not a seasoned investor, actually just starting out, but I'm close to making an offer on my first rental property, and wanted to share what I found when I ran the numbers in a similar situation.

For example, if we convert to condo, each shareholder will technically receive a buyout for their shares and in return receive ownership to a unit - this will cause capital gains to be realized for those shareholders who have equity.  

Share a little more about what you're looking to accomplish, and where exactly in California (remember this is a really big state). 

I'm a Realtor in the Columbus area but just thought that I would share.

Currently I have one rental property in downtown Raleigh and am looking to learn more about the industry and looking for more rental opportunities.Feel free to share ways to learn about this new interest.Davis

You may be able to negotiate a bit of a discount if it can wait next year and get on the schedule for early spring when they typically don't have as much work.Not trying to hijack this thread, but if anyone can share the name of a decent roofing contractor in Milwaukee County please message me - Thanks!

I have done few rehabs with General Contractor who i knew personally but now am plan on doing rehabs in different market  deal with GC i don't know  so i was wonder if anyone  can share with me  an Independent Contractor Agreement form, along with a Lien Waiver form. thanks

Thank you for sharing...Will definitely check out the resources you linked...always wonder how accurate those occupancy sites are, given the number of off-line transactions that still happen...but suppose they provide a good estimate of regional popularity.How many rental weeks per year are you projecting in Boone?

So I asked my realtor friend to approach the seller's agent and ask if they would share the details of the transaction because I suspected that there was something going on that I could learn from.

I would be happy to share with you all that I know about real estate.