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?

It sounds like you're existing portfolio may not qualify but there are several companies offering 30-year fixed on 1-4 unit residential.4) Build up  a cash cushion to see you through any high-interest period.

I own 2 condos in the same building (~$150K value each) in Logan Square, one is financed through a local bank that sold the property as a foreclosure several years ago and the other we paid for through a HELOC on our primary residence. 

After talking to them yesterday and giving them several options  (including the eviction and the ramifications to their credit and such) and getting inside the property (which surprisingly is in great shape.. just a couple of blinds are messed up)  the tenant changed their tune and even apologized.  

I've bought several properties at it locally. 

I also work with several buyers a month for mortgages and the low end of what we see in the Twin Cities is $1200 on a primary residence, with an occasional outlier below $1100.

We hope to acquire several more small multi-families in the coming years.Cheers and good luck in your investing!

Thats how I see it.I own several duplexes........on  two of them I have about 42% equity each.  

I've been in the Army for a little over 20 years and am looking to retire in the next several years. 

I think regional sites are becoming more popular.When the service fee was launched I experimented and listed my properties on several other sites, some paid and some free.