But it definitely matters in your analysis what the cost would be to just convert to a fixed.

Rent would be $650-750 range depending on if we convert it to a 3bed or not.

Only investors are interested in those, unless you convert your apartment building to condos (State and local laws and regulations apply).Other problem could relate to common ground and common problem.

Where and when it is needed.If you purchase a "buy and hold" rental and your purpose is to unwind it for a profit when your income is at a lower tax rate, typically retirement, then that is where and when you sell it unless1- a cash situation requires sale now or2- a bubble dictates a better cash return converting to cash and investing at a risk-free rate, typically treasury rate and equaling or bettering the same situationIf you have been holding a property for 20+ years, the yearly return on original investment is often well over 50% per year, sometimes 100% per year, rents rising and tenants paying off the mortgages and all.Now, return on current value is no where near that, but that is not a criteria.If we unwind, recapture depreciation, pay our taxes, and are left with cash, will that same income be available to us with the same tax implications?

In north philadelphia, near the temple hospital and temple medical school im converting row homes into duplexes and holding them for myself and on behalf of a few investors.

Gold is NOT a useful hard asset unless the bearer can escape to some place where it can be converted to useful currency.

is that the guy with an avatar of him in a convertible?

Regardless, buying old houses that have been converted (correct me if I'm wrong) is generally a bad idea because they are maintenance nightmares.

If the choice is to "get the seller in trouble" or to convert their problem into mine, I'll pick getting them in trouble every time.

One of my greatest joys is when we convert an idle reader of the site into someone who is motivated to take action.