I’m looking for legal advice on potentially condominiumizing a rental property in Jackson, MS.

The same sf in an apartment may be worth more to someone who wants the amenities of a complex, but worth less to someone who wants a yard and other features of a detached SF home.

In the last few years, large apartment complexes have been sprouting up left and right. 

A complex right next door may have different qualification issues (owner-occupant percentage, reserves, lawsuits, etc.). 

Originally purchased as a package with another unit in the same complex.

For comparison, the national inventory is at a 3.5-months supply, according to NAR;Townhome/condominium sales fell for a seventh straight month – down 9.2 percent, with the average price flat at $211,241 and the median price up 2.8 percent to $174,750;Lease properties staged another strong performance as single-family home rentals shot up 18.4 percent with the average rent unchanged at $1,746;Volume of townhome/condominium leases surged 16.7 percent with the average rent up 2.0 percent to $1,530.

For the most part, I view the no money down crowd as individuals who are pursuing a get rich quick scheme and haven't done the necessary research to understand the complexity, effort, knowledge base, and need for time involved to build wealth through REI.

Condo complex was 100% NOO so I called around to a number of small, local Banks, and chose the one that was able to service it at the lowest rate.

I'm thinking of investing in a 2 bed, 3 bath condominium in Bridgeport, Ct.

I'm looking at my first apt complex, price at $825k.  3 units:1. unit 1:  1 Br, 1 BA, 450 sq ft rents at $14002. unit 2:  2 Br, 1 BA, 805 sq ft rents at $1,8003. unit 3:  2 Br, 1 BA, 805 sq ft rents at $1,500If I put 20% down I estimate my monthly payments for debt servicing at $3,150.