Wrapping Condo

[Jamie Hogan]

I'm looking at a condo in a couple of days. The owner is willing to do a sub2 for only the outstanding amount. I can't rent it. I have an end buyer in mind and plan to wrap the note. I've never bought a condo before. Any advice or gotcha's I should watch for? I've never wrapped anything either and will have a learning curve there too. Any advice is appreciated. My title company created the note, etc. when I bought a property with owner financing before, but that one was free and clear. I had planned to contact the title company tomorrow to see if they can create the paperwork for this too. And, I'll be calling the condo office to ask for a copy of the complex rules and restrictions. Any other advice?