My name is Andy and I was just browsing the web page and came across your post.

Good luck on your web development app.

One figure I did see was that over 80% of IL residential uses gas heat and I'll bet 98% of the electric is much closer to Cairo, IL than Chicago!

Since you are flipping your best bet is the insurance approach.

@Arpan Patel  can it happen maybe will it happen for 99% of those who REALLY only have 1k in their checking account or less NO WAY NO how.. the best bet for those folks is find a job.. and if real estate is what they want to do then bird dog... or get a license and do leasing.. that works.

Stephen Chatto I'm not a Lawer but my dad is a retired broker he has a book on real estate laws in New Jersey, I am not a Lawer but from my understanding As a wholesaler (flipper) you are considered a broker especially when met listing properties on the web , police can fine you in different ways as in practicing with out a real estate or business license (which is usually the case)NJRS §45:15-1.

I'm guessing your best bet is to talk an association attorney, obviously one that has experience with co-ops.  

This vacation rental area has exploded - so there are now quite a few cool tools to see what you can expect for rates and occupancy by address or zip code - just do some web surfing and you'll be amazed.    

The rental has a mortgage and while I did find an article that spoke of not violating this clause since the property is not changing ownership, I'd like to find out some more about it before taking steps.This is the web site where I first found statements eluding to the implications of the due of sale (still researching):http://www.creonline.com/beat-the-due-on-sale-clau...This is about 3/4 of the way down the page under Enter the land trust "The trustee holds title for the benefit of the grantor.

Your best bet is to press the seller to provide the documents.