I DON'T want to hire lawyers and FIGHT to get paid..it isn't worth it.

I never invest in condos so just for own knowledge, from ROI point of view, what is better option?

If you can increase the income through a legally zoned apartment you will increase the value of the building not just your cash flow so its at least worth pursuing. 1) Call your local zoning board.

Around us there are several properties listed with "currently rented" rates that make the deal very attractive from a monthly income point of view, but you don't know what you don't know.

I'm not sure you'd be able to compensate an advisory board member enough with a real estate fund for it to be worth their time.  

Despite the great commission splits at these brokerages, there are still lots of fees in this business just to get and keep your license current, and as James mentioned, you may find it's not worth the time it takes, when that time can be better used sourcing deals. 

Would you use $/sq ft. to estimate rehab cost  to see if a property is worth bringing out your contractor?

If you were getting the lot with it that would be something but to have to move it and re-set it... will cost more than the home is worth. 

You should join the two REIAs in Indianapolis, INREIA (free and you can find both of these on meetup.com) and CIREIA (first meeting free $180 a year after that, but so worth it).You will be able to meet a lot of great wholesalers at those meetings.

Hello All,I'm interested in some valuable feedback on the multi-family real estate market in Greensboro, NC.My research has been formulated from various sources; however, I would like to hear from a few BP members that are in the trenches and/or currently invested in this market.Key indicators like job and wage growth seem to be holding steady for the last several years and property values seem to be increasing steadily.Can someone give me their view on the current cap rates & vacancy rates in their comp set?