I can't thank you enough for the outline - This was fantastic.  

Would you be open to sharing the excel outline?

As I'm sure you know, it's important you view your tenants as business transactions- make expectations clear, and outline everything in your agreement they will be responsible for and penalties if they do not hold their end up.I agree if you ask for too much, they may pass- but it's unlikely (as long as your asks are reasonable), considering the eagerness and need from renters- and they are used to providing most of this with other managers and landlords.

The way you've outlined the opportunity, I would run away from it.

Details are outlined below, thanks!

This is the snippet from the Massachusetts standard Purchase and Sale agreement that outlines the treatment at a high level.

The problem is, the space in between the two condos should be outlined in your HOA bylaws on who is responsible.

Just ask to see a sample settlement statement outlining all loan costs, whether paid up front or added to loan.

Also, they would need to outline for the partnership, who is resposible for what.

If you have a professional relationship with your broker, I would suggest emailing and calling them for their review of options, deductibles, and CC&R review to help with your specific claim.The CC&R's for the association will outline who is responsible for insuring different aspects of the building. and it is likely you will have the HOA's insurer, your insurer, and any tenant's insurer involved in the investigation process.I wish you the best, and please reach out with any questions!