Thats a dangerous thing to learn.

It's not a dangerous breed and the insurer doesn't have limitations anyway.

The danger is the majority owner can do as he pleases, raise HOA fees, then hires himself at inflated prices as the PM for example.

This is NOT true and a dangerous attitude to have. 

This is always the danger in mixing your investments with your friendships. 

This is a very dangerous game to play with your assets.I would also ask them about their competitive advantage in the market.

You seem dangerously confused.Perhaps this will help you.Usury is defined in Article XV Section 1 of the California Constitution, which is admittedly tough to read.

Just looking at your purchase price and the price you think it would sell for you are dangerously close to being upside down if the market shifts and that isn't even considering the $2000/mo it's costing you.On a side note, don't rent to friends and give them a "deal".

Actually a lot of the info you'd get from an operating statement (gross rent, expenses, NOI, etc.) is available on many listing websites like Redfin and realtor.com, albeit not as up to date as the MLS and not always accurate but that goes for all data provided by listings.Regarding MLS access: it is protected carefully with various methods such as keystroke tracking, IP address, simultaneous login etc. and agents can get in a lot of trouble for sharing their login info, which is good because within the massive database is a lot of private info that can be dangerous in the wrong hands like lockbox and security system codes.

Putting on roof $2500 diy, but permit and crane needed to get unit on roof and it is dangerous.