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Stephen shares his insights from a workshop on converting commercial properties to residential ones, focusing on permitted development rights for expedited planning approvals, which take only 56 days. This approach allows investors to purchase commercial properties at lower prices compared to residential ones. The key to profitability lies in ensuring the acquisition of commercial properties at an optimal price per square foot and accurately calculating conversion costs. If not done correctly, investing in commercial properties may not be advantageous compared to directly purchasing residential properties.