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!

Good of you to put all the info in a thread for other landlords to access easily. the DRE website does a decent job of outlining what's required as well, though it could be much better.

This will outline who the tenants are, what their monthly rent is, and (most importantly for your question) their next due date. $2,100 a year for water/sewer on a three unit is on the high side.

Having processes outlined before you put your first property up for rent will greatly help with this!