Once it starts, their fees will start quickly eating into the equity that you theoretically have.Also you must consider whether the property is subject to a Freddie or Fannie loan.

All my friends were eating PB and J.  

They eat the easier to digest poet of drywall.

I have also made the conscious decision to avoid situations where the CCIRs put this kind of contraint on my investment.  

Each eat into and reduce the cash flow you receive from a property.

Smith 7 P.M And there is more info at meetup.comWe have all different kind of speakers the meeting starts around 7 but we like to get there before hand and get something to eat and network and usually it ends around 830 or so hope to you there.

You have to take a stupid little online course that (for us at least) we eat the cost of providing and it takes you 20 minutes.

Then start expanding from there. eat up all the info in these forums that are relevant to you.

Have your cake and eat it to!

In long run I believe it would be beneficial to make the conversion as I would attract better tenants and be less of a headache for myself but I am not sure it is worth the time or effort, especially since I will eat up my equity performing the work.