Looking for my first deal and came across a large house conversion that has 7 units in it.  Total rents come to $2500.00.  After expenses property will cash flow $750 per month.  I have had a lot of people tell me to stay away from conversions as they have bad vacancy rates, do not rent as well as traditional duplexes and are a lot more work than traditional duplexes/triplexes ect....  Anybody here have experience with conversions that can share their experiences?