In highly desired flood zone, good area and there is a new residential development down the street that is starting. 

My history as an investor starts with developing communities (out of foam box inserts) for my Barbies when I was 6 or 7.

So a recent podcast and similar timed stay in an airbnb in another city along with my current market severe lack of inventory (yet too high new construction costs) lead me into thinking about this topic.Has anyone on here converted buildings like this into multiple condos and developed an HOA and sold them separately?

Therefore, this cash would typically only be tied up 3-6 months (and I know some require a year or so seasoning but let's use 3-6 months) at a time and then recycled to do the same thing again.  

You have to go through their business development program and give the SBA an approved business plan, which cannot be just to buy real estate.

I'll update this situation for anyone who cares to follow it as things develop. 

I'm an investor and looking to develop a relationship with an REO manager or agent in the MD/DC/VA area, as well as in Detroit and Florida. 

Any suggestions/ideas/route from some seasoned investors would be greatly appreciated.

Kevin Flinn with Platinum is an active investor who connects new, seasoned and fence sitters with great deals.

A seasoned real estate attorney can make sure the right deed is being utilized for the transaction (i.e. warranty deed or special warranty deed).