There is no mention that a 'Termination of Condominium' was filed and that it is possible (I'd say probable) that members can encumber up to their capital limits (the "C" in P/L/C on the K-1).

Hi Everyone ,Let me first introduce myself to the community.My name in Kenrick from Aruba(the caribbean), I am a young entrepreneur on the island also involved in real estate.In this discussion I will elaborate more about types of real estate investments in Aruba & where I see opportunities.Aruba is a part of the Netherlands, but still we are autonomous, this being said the Netherlands still has some responsibilities with Aruba and other caribbean islands.Aruba has its own currency & its own government.For more info on Aruba: http://en.wikipedia.org/wiki/ArubaReal estate in Aruba:Arubas real estate I would describe as a strong market, we have seen only growth in real estate prices this after more then 20 years after a market correction due to the closing of a refinery leading to job loss and Aruban citizens migrating to other island.Aruba in the past years have seen major condo projects & is still being invested primarly from Venezuelan investors with there condominium projects.Property land prices have been rising as supply does remain short of the demand of houses.Land:In Aruba if you want to build your own house, 2 ways you could do this either buy a property land or a government owned land leased to you.Property land being the most expensive(most valueble) & government owned land being the cheapest  with restrictions are still available depending on size average size needed is 300 sq. meters or more.Housing projects is still a big business because of supply and demand, dividing big pieces of property land and developing them into housing project is a good business with draw back in regards to getting permission from government departments, must have a concrete/paved road, infrastructure in place all expenses for the real estate investors costing time & money with could lead into a delay of a year or more.Opportunity:Opportunity to buy either a big piece or a small piece of land which could easily be divided can easily double your money in 3 to 6 months time.

Both the main pipe and the valve pipe are metal, but I do not know if the valve is a ball mechanism.We live in a condominium and would have to shut off the whole line of condo not just ours.  

Another important factor is the hidden rental costs of the condo hotels, you will have hidden costs that the hotel operator charges you for renting it, implausible things (resort/application fees), which you cannot avoid because condo-tels declaration of condominiums are designed for the hotel operator to profit from owners even if they don't put the room in their hotel program.

I recently purchased 2 rental properties in condominiums in Essex County, New Jersey.

This is simple and once the divorce goes through I’ll be full speed ahead.For the last 20 years though I have been in construction and property manangemnt for single family and the last 2 years I have been running a 600 unit apartment complex and a 110 unit condominium.

Real estate salespersons can also perform these activities but always under the supervision of an employing broker If the only activities a company is providing are lawn care, snow removal, physical building maintenance, rent collection, condominium association management (with no leasing or renting involved), a real estate license is NOT required.

You really have to know about the condominiums and renovation that's going on down there.  

I would be interested to find out if it truly is listed as a condotel or simply a non warrantable condominium complex because of the occupancy ratios.  

Warrantable essentially means that the condominium association has insurance, budget, ownership, is free of lawsuites, etc. all within the acceptable ranges for Fannie Mae and Freddie Mac lending requirements.