I have been questioning the plan myself, as it seems like a gamble hoping the ARV is appraised to my liking (or my numbers' liking).

@Hadar Orkibi no currently im not, im in Qatar, but a dual national UK and NZ.

Unless you're dedicated to fundamental investment (and have the time to research/learn accordingly) you're (sort of) teaching gambling.

The condo itself was cheap compared to same-sized units in other places without board-ups, so I was willing to take a gamble if it wasn't for the potential insurance problem.

Seems like such a gamble to me but I really love the place.

I live in the UK so any advice and guidance would be appreciated. 

Owner-occupied ratio no longer met, HOA being sued etc.So in essence it's a gamble anyway when hoping for a future sale process being smooth when talking about Condos.

One of the greatest impacts will be the refugee situation and the ghettoizing (original definition, not common definition) of areas within city centers.Tough to say what this does to Germany and the UK.

Hii am just joined BiggerPockets and i would like to introduce myself briefly:I have several years of experience in international real estate investments, both residential and commercial.I own a company that helps individuals and companies to find the best buy to let investments opportunities (to maximise their return, in terms of rental yield and capital appreciation) or even for personal occupation as a main residence or holiday home.I have expertise in several international property markets, mainly in the UK but also in the United States (specially in New York, Los Angeles and Miami) and other overseas locations such Luxembourg, Malta, Dubai, Panama and Monaco.Thanks to my deep knowledge of the international property markets, i am able to find the best opportunities in the UK and overseas, according to my clients requirements and search criteria.Accordinjg to my expertise and skills, I would be happy to provide information and free advice to all the members, so should you need any information regarding international property investments, please do not hesitate to contact me.I look forward to hear from you !

Hi Ralph,I grew up and lived in Brantford my whole life before moving to London (UK) last year.