As part of your interview process, you must ask your RE agent to give you analysis of a deal and then schedule 20-minute telephone conversation to speak with them about their assumptions and numbers.

Hard money is always at the end of these types of conversations.

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Hello fellow BP'ers-Like many of you I have an interest in RE investing...and also work in the industry supporting RE Investors as the Director, Business & Investor Development with Evergreen Note Servicing.I've read many discussions and had conversations with many others about servicers, servicing and supporting the investor network.  

Conversely, I realize that not all contributors on BP are totally accurate either.  

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My main questions is how to handle the 1 year notice to tenants-- I've read through the guidelines for condo conversions from the city website, and it seems like you're supposed to give tenants 12 months notice of your intention to convert their apartments into condos.

@Matt Garboden  we can engage in a Socratic conversation dealing with lofty moral proclamations and virtue signalling. 

I did have a conversation with him and told him that his rent was below market and that there was an increase coming.

I assume the bank will do this appraisal ahead of underwriting the original mortgage.Your best bet is to have a conversation with a local lender about the FHA 203k program.