They also have a complicated registration process.

I could see this complicating things at closing as the buyer would be presenting cash to the seller, the seller than transfers the title to the buyer.

That "someone else" is *YOU* so if owners don't want to see a rise in dues and special assessments, they should be careful not to cause unnecessary harm to their units.  

Many investors seem to take the approach that a PM is just an unnecessary added expense that they can handle themselves, but I know from experience that a great PM will usually rent your property more often, for more money...not to mention take the daily management grind off the owner's plate...freeing them up to do more deals!  

By the way, you CAN use 1031s INSIDE of SDIRAs too, more complicated but still available.Good luck, lots of great advice here too.Dan Dietz

See a CPA - it is a bit complicated! 

The option is where things can get complicated, please excuse the length of this post.

I would probably use those forms unless I thought the situation was complicated by something.If your lending attorney is familiar with RE lending and works in the space he would have those documents off the shelf to be edited for your situation.On the borrowing end, I've always just pointed the seller to the state website and we used them with the blanks filled in as seemed appropriate.

Relationship complicates the matter.

The 3rd unit that needs rehabbing really complicates things.