Luxury condos are a bit of a pain to rent out.

It is missing the S for Seasoning and the RO for Rip Off costs and P for pain.

. - selling these kind of condos is a pain.

People break incidental stuff or use it in ways you dont want it used and it is a pain to replace.

@Abe Mazliach While this seems like something to possibly try to get out of, I look at it this way, they may be saving you a lot of pain and money down the road.

I did a quick look at some underwriting guidelines and here is where I see the issues.Long drawn out painful too much information version -The R2 zoning would not be a showstopper, but it is worth taking note and reading the appraisal carefully.

It's a pain and it takes time but probably worth doing.EDIT:  Sound advice from a guy that sucks at selecting reliable contractors... 

I would prefer to have PM in place as well as a tenant in place, or at least know that the deal will not close until the tenant is in place.For full transparency provide a list of comps dated within the most recent month and only about 1-2 mile radius max (we know you need to make money on the sale but would help establish trust).Communication seems to be one of the biggest pain points I read about so maybe focus on that as well.

Any pain experienced or any advice you can share?

What a pain in the butt!