If you win, they want you to win and they will set you up to bid high and fail.If you are talking about online actions, those come with a 5-10 percent buyer premium and often get ghost bid up and relisted until it hits their reserve.

Assuming you just manage your own properties, not other people's properties, you can use Buildium for management tasks (keeping track of maintenance, store documents, communication, etc.,) and use QuickBooks for everything related to accounting/financials.

I don't know if that's a reasonable concern or do you just plan on "X" number of months and hold it in reserves? 

They do scrutinize a bit over the terms of the co-op, management of the co-op, reserves and such.

So depending on your experience, if you are bringing a piece of land and some plans, I the outside investor would want likely between 80-90% of the equity if I am providing all the funds for closing, the experience, and the reserves, just to be honest on something like this. 

That said, for all reservations we collect payments on (this includes VRBO since we have an integrated account through our PMS) our charging schedule mirrors the reservation cancellation policy. 

How much in reserves do you have?

I was reading a lawsuit of one where this happened where the person was getting a 40M LOC and had to put 5% in for interest reserve. they took $8M from their fund wired the money and never got the LOC.

Andrew,i live in a rural location where the convenient store has the Post office attached/renting from them.i know the owner pretty well & can inquire)let you know. 

I also asked about any plumbing issues, which I would get inspected during the due diligence phase, along with other major concerns.While I don't have much experience assessing houses and determining the extent of repairs, I’ve spent a lot of time in stores like Home Depot and Lowe’s.