I also mentioned that I am looking for a REO listing agent I can work with and do business with....long story short, it was a great conversation and he had no problems giving me the majority of his inventory along with some prelistings.

It looks and sounds like they will not be, based on conversations with BOA.

Here are a few recommendations for you: Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meet Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alerts Read Beginner’s Guide: http://www.biggerpockets.com/real-estate-investing Check out BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast/ If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select that person below.

Here are a few recommendations for you: Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meet Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsIf you wish to tag someone in the conversation on the forum, type @ followed by their name and then select that person below.

If so and they are shown as a loss, can those loss expenses counterbalance a part of the taxes I would need to pay due to the conversion from a traditional IRA to a ROTH IRA?

No different than owning a condo in a big building with an HOA.Its also possible that someone who owned a triplex did a condo conversion and made the three units into separate legal entities and created and HOA.  

Is there any difficulty in the conversion of that loan into a proper business format?

If you haven't yet- be sure to setup some "Keyword Alerts" to get into conversation in your target area.

There were in the process of an apartment condo conversion when the market dropped.  

Computer models also benefit from lots of tuning, machine learning, and if the company is good some really expert tweaks to take into account things newer folks would miss.Doing it manually is great because a person can sometimes easily see something that the computer model misses, and can take into account other things - conversations with owners, etc - that the computer model simply can't.Generally I find the computer models do better on cookie cutter deals, and people do better on unusual deals.