On the surface the property is very close to the 70% rule for a flip at the low end of the ARV and is close to the 1% rule for buy and hold for the all in of 117K plus 25K.  

Like I said, it's deep sea fishing, you have to look much deeper than what floats at the surface to understand what's going on. :)     

That gives you good new surfaces and might cost less than the strip and patch approach. 

I suppose if you paid less than a couple of mortgage payments for the loan you are good, otherwise you have barely scratched the surface of recovering your funds.

Since then  weeds are growing through the so called "3 inch thick" surface. 

Glad you found your way here.I'm sure you'll be able to use the search tool on the top right hand corner of the screen to research details on the strategy you touched the surface on in your 3 day seminar!

Although, impressive on the surface, I asked how many turned into a check deposit in her bank account.

On the surface, it seems expensive and will not cash flow particularly well for the area.What are your cash flow projections?

We have iPads but I want a Surface Pro 2 for this purpose.

Doing about a minute of research turned up this: http://www.cai-georgia.org/pdfs/Georgia_Condominium_Act.pdf (page 5) (a) Except to the extent otherwise provided by the condominium instruments: 2) To the extent that walls, floors, or ceilings are designated as the boundaries of the units or of any specified units, all doors and windows therein and all lath, wallboard, plasterboard, plaster, paneling, molding, tiles, wallpaper, paint, finished flooring, and any other materials constituting any part of the finished surfaces thereof shall be deemed a part of such units; but all other portions of such walls, floors, or ceilings shall be deemed a part of the common elements; That seems to say the windows would be YOUR responsibility.