In the program they can bring their deals back to the program and allow "Pace" to fund while keeping the bulk of the profit leaving a little for the "gator". 

. $5,000 on the high end, less PITI, less repairs and vacancy doesn’t leave you with much.

@David Cherkowsky, I'll just comment on the value of depreciation and leave the rest of it to a tax expert.

The partial claims are always way more than people expect and usually leave them upside down.

If they have mattresses on the floor, never hang up their clothes, and leave beer cans all over the place, that's their issue.

Brought it up right at the closing and he claimed they were dead and he thought he was doing us a favor by getting rid of them (but simultaneously leaving us a house full of old garbage).

Unsure if this allows us to leave mid-year.

If your other tenants find out about it, they may feel unsafe and decide to leave and you would have to let them based on current law.As with all renters, you have to identify your risk and then mitigate it.

His $43,220 loss was reversed, leaving them with back taxes, penalties, and interest.Lessons Learned:Jackson’s story serves as a cautionary tale for aspiring real estate investors.

I am a big advocate of home ownership, but in the situation you are describing (not knowing how soon you would leave), it might not make the most sense to buy a condo with restrictions or potential assessments in the future.