Attend all local meetings you can find on NationalREIA.org and MeetUp.com to learn what investors in your area are doing and see how you can jump on board with some of them.

To convert to 4 units, you'll definitely need to go through the zoning and variance process, which involves meeting with the community RCO then going in front of the zoning board (ZBA).

BTW - None of the condos I'm referring to have "gold plated walls"I'm not sure about the risk that you're referring to, but the most significant risk that comes with a condo, IMO, is typically in the board & HOA.

I wanted to basically have their attorney explain to my attorney why it would work in NY..what thenuances are..which title companies in NY are on board with it and which are not.

For doing a large amount of sheetrock (Over, say, 50 boards), I'd expect to pay $13/board hung and finished... plus the cost of the board and mud and tape, so about $20/board by the time all is said and done.For a job the size you're talking, you need to find a crew that has the tools to do it right... by that I mean a bazooka, drum sanders, stilts, etc.

What I mean by that is the land and the buildings in their existing condition are worth much more than $300k.The $700k I previously mentioned chalks out to a pretty accurate number in my opinion and $5000 per door in repairs is a decent number unless you have some major exterior issues like roofs, foundations, plumbing, AC, electrical, etc.

I would start with the board of directors or every association I have been too has a block of time each meeting they get together with others to talk about deals for sale or needed and so on (usually at the end).

I think if I start a cult, I will go to that board to recruit first.

Hi Oscar,So before you close the current sale of your property at $290k, you need to get a qualified intermediary (QI) of a 1031 exchange on board. 

There should be plenty of framing to attach drywall or cement board to.