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Option C involves a large investment to convert the property into one that legally allows for residential usage and that people, with money to pay rent, would w
by marcinzm 4y ago
Option C involves a large investment to convert the property into one that legally allows for residential usage and that people, with money to pay rent, would want to live in. It also blocks option A, without spending all the money to undo things, if the economic situation changes or there's a bailout. So not a clear winner versus simply waiting.
- iancmceachern 4y agoMy point is that many buildings, like the one I live in now, do not need changes. They intelligently designed and built it from the beginning to serve both uses well. I'm pointing out that this is a smart approach. If a building needs a ton of renovations to make it meet code for residential occupancy than its not a good building to consider for this. I would say this is a corner case, ignore those. Just convert the 25% easiest buildings that need minimal if any changes.