Winning with cash really depends on the quality of the property and the timeline of the seller.

That was a good tip, thanks!

As I’m going through the MLS I’m coming up with my questions for the realtor. 

You can determine what a decent salary would be for someone in your market and then reverse-engineer to see if what you're paying as a salary, plus the projected performance commission, will get you there.

Whether to consider selling or converting to LTR is really up to you. 

I guess the first question is why? 

Maxmimum loan amounts for FHA are the same across the nation for the most part except for the high cost areas of the west, east coast, or specialty markets like Aspen, CO Los angeles, New York, NY, and others as they have higher limits for 1-4 unit FHA loans.

I needed a consistent cash flow while still holding onto my regular full time job.

I realized that the best way to compare and contrast these properties is to calculate the ROI of each.

Rather than that, if a loan is called because the property underwent a condo conversion (apartments into condos) or subdivision process without the lenders awareness/approval, would they still be required to offer a preforeclosure period before being able to foreclose, as is the case for lack of payment?