Dont know WHAT your looking for but as a first timer,,,I would avoid 'conversions'   Thats a house, generally old, that was coverted from 1 family to 2 3 or 4 family. 

Tom, I'm glad that you stepped into this conversation for Nanaimo as I know enough to be dangerous!

I reviewed my notes of our conversation back in July and at that time you told me that you already had a truly self-directed plan established.

I would have a conversation or two with a couple of mortgage bankers or mortgage brokers and get some of the details about the Homestyle loan program.

Investing in the construction conversion costs to split out the utilities, install a kitchen, and any other reno costs.

Thank you very much for the insight, I've learned a lot just in the short conversation I've had with you.

There are a few nuances to doing this - it's either a 10 minute conversation or 10 paragraphs of writing to go over it.Hurdle 1, solution 3) If none of the above work, you could always do a cash out refinance on the primary using Freddie Mac (see hurdle 2 solution).Hurdle 2 solution: Your information is like 3 months out of date, my friend!

We mainly do condo conversions, new construction (8-50 units), and multifamily rental acquisitions.

Without that 3 hour long conversation I would have probably still been running in the rat race with no idea how to get out of it. 

I am here to give any advice I have and engage in conversation with anyone who wants to listen.I am mostly wondering how many in the BP community are interested in turnkey investments?