IIRC the Internal Revenue Code says "property held for investment".

Maybe you should do a trial run in a specific zip code or two and track the results.

Schools Crime rates Household incomeEmployment rateTypes of jobs available Types of businesses (pawn shops vs. casual dining for example) Propery codes enforced New construction in area Do you feel safe at night?

I do have other options as who to mail to (code violations,driving for dollars prospects, preforeclosures and probate) but I have a total list of 2500 absentee owners that I'm hoping I won't have to give up.

You need to look at permissible use in the zoning and any impacts you'd have under a change of use under the building code (sprinklers, additional exits).

I think to start you need to check your local zoning ordinance and make sure the property you want to convert isn't restricted in the code.

I don't think you're using the appropriate term however I don't track NV HOA codes. 

@Sharon Vornholt Hey Sharon I am on my county's recorder website, and under document code I can see two probate options to choose from: 1) Probate deed of any type/used to transfer prop2) Probate/use with most probate do types Which of these could I use to find the name and address of the deceased and the executor/administrator?

I think less people living together means less chance of having a party...Check with the city to see if there are any limitations- I recently found out that we can't rent to more than 3 unrelated adults, it is against code.  

I can see where it would be helpful to know the less profitable areas but geez you have the color coding backwards.