The condo conversion concept is intriguing and not difficult to do here in Texas from a legal perspective. 

I'm not sure where you pulled your quote fromSo you equate the concept of one protecting their own interests with taking advantage of others.LOLI paraphrased JEFF D.'

Should I try to get into one B property or 2 C properties or some variation on this concept?

The tax is known as UDFI.The best way to learn more about these concepts is to read up here on BP and reach out to a few professionals in the field, many of whom are active in these forums.

and was easily understood, allowing me to move on to more complicated concepts. 

I'm trying to instill those concepts into my own children now, who are all in the 20's.I don't know Madison beyond UWM, where my youngest son is in his third year.

I fully grasp the concept now.

I was just discussing a similar concept to my 8 year old daughter - those who achieve wealth, generally take on a ton of risk. 

Today’sguest, Michael Swan, is a P.E. teacher who lives in San Diego but has used the valuable real estate concept known as “trading up” to acquire millions of dollars in real estate.

Talk to @Joe Homs, he has a wholesale meetup that focuses on residential property in OC, but you might be able to transfer some of the concepts to commercial.