First off let’s make note of the fact that if you live that long into your 90s and invest most likely you will rich even if you do simple investing.

Seems like a pretty simple loop hole if you can do this.

Its as simple as that.

I am thinking a simple family trust or llc will do it without SEC regulations and all the over sight a 506 has..

Secondly, many condo associations are run poorly and have little in the way of financial reserves, so unexpected repairs, maintenance, or upgrades could translate into surprise special assessments that will gobble up your profits.Flipping off-market properties is a sound strategy, but it requires serious marketing effort.

The Maintenance and CapEx will be much more than you are allotting.  

I have done some minor residential handyman work over the years, but have worked in commercial facilities maintenance for the past 10 years.

People simple get bored too easily.

For maintenance, I use Keepe on-demand.

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.