Any terms that I need to clarify on the initial conversation? 

@Redha Laafia you can also talk to sub-contractors  and develop a price list for items like roofing, painting, kitchen and countertops, flooring etc. those are very easy items to standardize. 

those items can come into play as your portfolio expands.to start, simply find find a decent property that isn't too overwhelming and learn by doing. 

Send me a message and I can help assess the property for conversion.  

Diversification, plan and simple.There are several conversations on the topic here on BP, and several quality plan providers who are active in the forums sharing their knowledge on the topic.Do some reading and then reach out to a few professionals in the field by phone. 

If this agent has a good reputation, good contacts, has done a good job for you in the past, you plan to use them in the future and especially if they work with other investors who are competitors, I would think it would be a good idea to be upfront and honest with them and explain the situation.You could offer to give them the listing on the back end, or when you have the conversation with them you could say "I appreciate your efforts so I wanted to do something for you, it's not much, but hopefully it's enough to let you know I care and value your time, I really hope we can find another deal in the future together soon" and give them $500 in cash or a gift card or something... 

Just as a FYI, no architect or GC would rubber stamp a conversion but has to do their due diligence- I’m impressed with Peter’s grasp of  odd requirement so you would be in good hands 

@Shamus WheelerLook thru the inspection report, make a list of everything the inspector recommended that you repair, and find out the cost of each item.

I found the deal in a super hot area of town and helped my mentor Logan with any and all communication and execution items needed to get the deal across the finish line.

Here are some recommendations for you:Find and connect with other BP members that are in your area: https://www.biggerpockets.com/search/users Read Beginner’s Guide: http://www.biggerpockets.com/real-estate-investing Check out BP Podcasts: https://www.biggerpockets.com/podcastIf you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box.