Mine just converts to a month to month which is ok with me.

I have an opportunity to buy 12 condos from a bank--the owner converted them into condos & tried to sell them, unsuccessfully-- they are in a predominantly rental area of DC, now the bank wants to unload them.

If you want to talk catalyzation, it's basically one chemical that acts as an intermediary of a reaction, so instead of going from A to C directly, which could be very slow (usually is, our body catalyzes a number if important functions, as does your car's catalytic converter for emissions), it goes from A to B very quickly, and then B to C very quickly.There's not really a way to catalyze a combustion reaction, since a combustion reaction using octane isn't that complex and it's already in its fastest form.

Maybe you can get the zoning converted to residential, or some kind of tax break?

just because you wouldnt live there, doesnt necessairly make it a war zone. area aside, IMO I would not convert to the 3/2, atleast not yet, you always can, starting out with such extensive rehab can be overwhelming, and I'd be more interested in renting it ASAP, $900 a month for 39k total investment good number wise in my book.I invest in a lower income area, and every non real estate person I know is always like "why why why" just because they wouldnt live there, or they think its a bad area doesnt mean war zone. there are areas in this town I wouldnt invest, well I would invest anywhere for the right property at the right price, but remember any lower income area means alot more work tenant wise.

My HELOCs can be converted to fixed rate loans if the rates go up uncomfortably.

It can mean living on much less and having wealth that can be easily converted to cash when needed.Do I consider my self rich or Rich Weese ?

But until they stop my ability to convert gold into paper currency, then I can effectively buy a house with gold.

I am using a self directed IRA to fund these deals.I may convert some of the rentals to owner financed purchases as conditions permit.

(REO)Pros: may get offer accepted at $180K, appraised for $350k as a single family home.Cons: needs to be converted into a single family home (including code violations needing to be corrected), bank wants to sell property as-is tenant occupiedMy plan is to package the info including construction costs with plans on converting property into a single family dwelling and wholesaling the property for $220K.