Then you'd have to choose another, maybe at a lower rate of return, not to mention the downtime in between.  

If it is possible to de-convert condos back into apartment building and the recent comp sales of a similar type 3 unit multifamily are more than the sum of what the 3 condos can sell for (again using comps) then i would choose whatever option makes most moneyIts just laying out the 2 options and finding out which option gets you the most money (cost benefit analysis)Curious to know how they would come up with the break out of the sale.

Choose your sites carefully.

No matter the degree I choose I will most likely pursue a certificate program in this area too but given that my experience is based heavily on leadership skills already I’d feel like a masters in this area would be slightly redundant (not to down play its importance at all though).

*update*The seller was had to choose between my non cash offer and a cash offer.They chose the cash offer so I won't be getting that one. 

Regrettably equity is where cash goes to die.

Ultimately the numbers will dictate where I choose to buy.

@Eric Allen , I have younger kids, and have been teaching them the concept of stock ownership by allowing them to choose a company and buying them a share of that stock.

Tenants move all the time and will easily resettle where ever they choose.

End the lease for both parties if they choose, and include a early termination fee. (50% to 100% of rent).