It turned out to be the right move because he encountered a few unexpected repair issues that would have made monthly payments stressful.

If its a matter of repairs to bring the 5 unusable ones up to par, then get an estimate for those repairs and ask for that amount. 

Standardize due diligence, project timelines, and financing procedures.

I’ve been driving for dollars in hoping to do some direct mail here soon to possibly find a deal that way where I can use my HELOC only for the purchase and still have some of it leftover for repairs.

We do invite you to review your reservation confirmation email sent on 8/27/2024 that does outline all processes and procedures as well as what consumables are included. 

Clean and make repairs, then put it on the market and rent it as quickly as possible.

Inspect for any rot or damage periodically, and replace or repair sections as needed to maintain its condition.Potential Upgrades / Considerations:Security:Enhance security with robust locks, a video doorbell, and exterior lighting.

Furthermore, during the rental period, expenses like repairs and insurance were deductible, but these deductions end when the property becomes a primary residence, with only mortgage interest and property taxes potentially deductible as itemized deductions.In short, converting a rental property into a personal residence can provide some tax advantages, but you’ll need to account for taxes on both the depreciation and the portion of the gain from the rental period when you eventually sell the home.

Get a qualified contractor to verify the cause and then make the necessary repairs.

I would personally never buy a condo for a STR.HOA feesToo many rulesRules can changeUsually too many other condos therefore nightly prices are depressed.New assessments for upgrades or repairs can be costly and you must pay them.