The mortgage should be considered null and void due to the bank having experienced no risk in the transaction. 

I actually work with a great team in LR that offers turnkey and new construction.

For this example it looks like I would need to buy it for much less than asking price if the numbers stand right, can an experienced rental/flip investor look and see if these are sound?

I mean I did it with a team of 6 for about  4 to 5 years and we managed 100 deals or so..

Today, I analyzed over 10 condos, and while I found one with a positive cash-on-cash return, it was far from impressive.I’d love to hear from experienced condo investors about why this type of real estate might make sense despite the low cash-on-cash returns and HOA fees that cannot be influenced.As a bonus, if anyone has purchased investment properties for their children with a similar goal, I’d really appreciate any insights about your process or results.I am looking at buying 2 investment condos for my children to pay for their college tuition in 13-15 years.

Now I own a thriving property management business, run a real estate team helping other investors learn how to grow and scale their portfolios, I have my own modest investment portfolio and have two development projects going at the moment.

Use your 9-to-5 income to save aggressively, invest in your education, and network with experienced investors.

Since you're investing from out of state, make sure you have a reliable handyman or contractor on your team too for when small issues pop up.

It's a game-changer where you can buy a $1,000,000 property with $35,000 down, you can build equity while keeping living costs low.2️⃣ Partnering Up:Real estate is a team sport.

I have a lengthy Legal Opinion, from my seasoned Legal Team regarding this matter.