Future condo conversion

[Jason Baker]

I am looking into this 4plex deal in St. Louis and found something interesting when looking into the deed records. Each of the 4 units is a separate deeded property in one building. Each unit needs a bit of work to bring them up to market rents. Currently there are no tenants. My initial plan would be to fix up the units to rent at around 1000 to 1200 a month. The area is seeing a surge in new condo and town home construction so clearly there are investors who have put there money in the neighborhood. My question is what things can I do during the initial rehab period to help work towards possible condo conversions in the future. This would be 7 to 10 years down the road, once there is enough equity built up in the property to pay for the conversion which through some research can be expensive. Anyone have any experience in this area. Even if I never convert to condos myself it could be a selling point in the future if I do some things now.