Also, what is the best way to bring up the conversation of a lower investor (vs homeowner) rate?

Conversion of the SFH to 5 units was in 1950.

The adjusted basis of the residence on the date of conversion, or2. 

The conversion was painful and time consuming.

Can anyone provide some advice about this kind of conversion and how cheaply/simply it can be accomplished? 

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If so I would just have an open conversation with them about your bringing a buyer and you get your half of the commission. 

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So at the end of our talk today, if we both give the green light, both say that the terms are acceptable, we'll sign the paperwork and move forward, conversely, if either of us give this talk a red light, the other party will say "okay, I'm sorry feel that way."

So when I approach a lender to re-finance the property, does my conversation begin with "I own the property free and clear" or do they want/need to know that it was paid for using an LOC and will that have a negative effect on their lending ability?