Also you don't have a track record of the other condominium owners and condo association to look at.When you buy a condo, you're really signing on to be part of the condominium association too (since you'll be affected by their decisions).

I'm looking to buy a condominium in NJ.

Is yours a single income household?

I have great credit thanks to the myfico forums and a total credit limit of $14,000 I have no debt and just pay my cell phone bill and the Verizon triple play package bill for my household which totals about $200 a month.

It's a topic of conversation in my household, and we do need some clarification.Elizabeth C., thank you for your encouragement. 

Hopefully Title III and all the fuss about intrastate exemptions will make the concept more of a household name.California has some special Rule 147 type exemptions and many other states have various other instrastate exemptions.  

This is off topic, but for perspective: $2500+/month after tax, plus the value of a rent-free/mortgage-free house, is getting close to the median USA household income after tax.

If it matters, these are not low income tenants..household income about six figures.

However I need to know how to deal with condominum and townhomes, where the properties are NOT detached and where other considerations such and condominium  laws, and HOAs come into play.

The Florida Statute says:5)(a) The association has a lien on each condominium parcel to secure the payment of assessments.