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

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

The market here is competitive but there are plenty of renters and I think betting on long term appreciation of prices in residential is a safe bet.

I'd run it by them, and if you send your specifics to @Mindy Jensen, I bet she'd take the time to offer you authoritative feedback too.The '@-mentions' for Manolo, Andrew and Joe didn't turn blue for some reason so I suspect they won't be notified of the mention.  

Amanda Moore I think your best bet is meeting with some locals like Dean above.

I would bet that a recorded lien would cloud the title to the point that a title company would not issue title insurance on the property without a lien release. 

I know Condos tend to be a little more susceptible to market trends, but if I am just looking for a good rental,  are they a safe bet?

Look for a kids sports team that wants to do a fundraising opportunity.A football team full of kids can easily put up a couple hundred signs in an hour or two.Marching bands are good too.

My guess is that it will be a pretty big chunk of change to replace them and whether the return on investment would be worthwhile - I don't know but I'd bet no.  

Maybe I'm missing something that makes Pittsboro a bad area, as I haven't looked into it deeply, but If you are thinking about placing a bet on growth over the next ten years, then it could be worth investigating.