These guys know what they're doing and make these buyer/seller sites to convert and SEO ready. 

I think the answer hinges on what they could get for the condos if converted, so it's pretty difficult to advise without having some idea of that potential value.

@ Brandon I had the same occur when i was renting my old residence which was converted to rental because i was posted overseas.

While you are doing all that work, you might as well try to track down the people who received the cash and convert them to private lenders.

Also, all carpet was removed inside (tile in kitchen still looks good).Garage was converted and the conversion looks to have been well done.I estimate that it would need all new flooring.

Hire a data entry clerk through a service like odesk to convert it.

Unless the debtor overcomes the presumption of abuse, the case will generally be converted to chapter 13 (with the debtor's consent) or will be dismissed. 11 U.S.C. § 707(b)(1)....To qualify for relief under chapter 7 of the Bankruptcy Code, the debtor may be an individual, a partnership, or a corporation or other business entity. 11 U.S.C. §§ 101(41), 109(b).

So I just purchased an old bank built in 1911 that has been converted to a 3 bedroom house.

You can acquire replacement property as described, rent it out for two years, then convert to a personal residence and use the gain exclusion under Section 121.

This would be my 23rd flip and I'm a GC, so I know the cost and timeframe it would take to convert it back to regular home,($18k).