I know a guy in Atlanta that just has the nose for this and always seem to be in the next hot market first.

Focus and put your nose to the grind stone till you save up enough to start.

If you're blatantly thumbing your nose at the law, the outcome will likely be far worse than if you entered into the contract in good faith and decided to assign it (legally or not) due to unforeseen circumstances.

Julie Marquez sorry to poke my nose into your question, but as for drywall, honestly you might run into a bit of trouble with a dry waller not wanting to mud the walls/ceiling for as cheap as you'd like purely based off the reason that they didn't install it, but there definitely is the exception.

It's going to be a easier to get financing (bank, not agency) for a fractured condo if you control over 50%, which means you'll likely control the HOA as well. 

@Marc Winter I think we can see changes happening right under our noses.

If there is no smell there and they are smelling it, they may prove to be tenants with issues.If you let them choose what they want up front, before move in, and if they choose to NOT move in, maybe you could find a tenant with less of a bloodhound nose. 

I was surprised at that, but held my nose and pulled the trigger anyway since everything had gone so well thus far.

@Kiersten Vogt This is just a situation where the sellers agent is putting their nose somewhere it shouldn't be.

If everything on the documents seems OK, I'd rely more on my own EYES, EARS, AND NOSE to indicate any problems.