To answer one of your questions, I doubt you will ever find someone willing to give a loan in 2nd position on an investment property. 

.- Your maintenance and repairs will be mostly limited to the interior of the property as the condo management will maintain the building- You won't have to worry about tenants maintaining the grounds around the buildingCons:- Condo fees may change drastically over time and it's largely not in your control- Condo bylaws can be tough to work around.

Should you ever have any questions feel free to reach out.

In 2023 before I invested any funds, each and every time that I spoke with their representatives, I asked as my FIRST question if Norada Capital Management had ever missed any interest or principal payments, and was always told the same thing by their representatives, that Norada had a perfect payment/reimbursement history.

If they do not respond quickly when it is for rent, are they ever going to respond if there is a work order or some other problem?

Questions Regarding Property Registration Restrictions in a Joint Venture Model:Are there any restrictions when attempting to change the property registration with the county (through the title company) if the property has an active Hard Money Loan or DSCR Loan?

Of course markets change and the chances of a profitable flip have changed as well.

Presidents do not change tax laws.They can issue pardons and various executive orders, but changing tax laws can only be done by Congress.It does not matter what tax laws Biden or Trump want and promise.

I then called the customer and told them their agent needs an education , of course the deck isnt up to todays code , code changes every year . 

I would say our government’s a little more friendly and hands off but the Californians a certainly changing that.