@Nikki HarmonBefore going through the bureaucratic headache of filing anything formal with DBPR or even FREC, I would consult with a real estate attorney (maybe you know someone, a friend of a friend, etc...) and see if these boards would find any merit if a complaint was filed.  

There is, also, a very good closing attorney there who is a board member of that REIA.

A (now) friend of mine, @Aaron Barber  started ours by posting an ad in craigslist under the house for sale section asking to network and play cashflow the board game.  

You can get on title on a land contract or a subject to contract or installment sales contractWhen you assign a deal whether it be a lease with option or option to purchase or sale and purchase agreement; you are in gray area of selling the paperwork and not selling the propertyWith credit being tight, if you do a lot of the assigning of paperwork, you're going to get pissed off real estate brokers complaining to the real estate board about your activities.

So its back to the drawing board!

@Sean Peters  I agree with those abovecondo converts can cost far more than one might thinkyou sell these off as inventory and your a dealer and taxed as ordinary income and self employment tax unless you C corp I thinkcontingent liablity of selling attached units as the developer.. this is a real issue and proper insurance is advisable for future litigation for construction defects.So the number really is the 250k  number VS the cash flow and what would you do with 250k  if you use it to spring board your business then I think thats a good move.other wise you can jsut rent it knowing you can condo convert at a time in the future if prices rise and it becomes even more advantageous to sell off.Now check with your accountant but you might be able to condo convert and keep these as rentals put them on schedule C and then sell them off over time.. and get cap gain or preserve 1031 potential.. either way sounds like you have a nice deal

That scroll work over the kitchen sink is probably on a single board that can easily be removed and totally take that 70s-80s element out of the kitchen cabinets. 

It would be easier to buy turnkey but we really are pursuing the flip option since we have a trusted GC and a PM on board in Chicago as welll as a GC in the Baltimore area.

Assuming it's a code enforcement lien, most municipalities will have a special magistrate or a code enforcement hearing board that handles cases like this.

Hey @Joseph Dolton welcome, glad to have you on board!