My circle is small and the majority of people I associate with are stuck in the "buy liabilities until I die" spiral.

Costs are associated with the death benefit, so less is better, naturally.

I noticed a lot of associations do not allow <30 day rentals.

Unclear if the lien has expired, and if surplus funds would go to the COA According to the COA State laws i found this:Thelien is not effective 1 year after the claim of lien was recordedunless, within that time, an action to enforce the lien is commenced.The 1-year period is automatically extended for any length of timeduring which the association is prevented from filing a foreclosureaction by an automatic stay resulting from a bankruptcy petitionfiled by the parcel owner or anyother person claiming an interest in the parcel.

Hey Guys,Thanks for all the responses and no worries about jacking threads :-)Hopefully we get some responses that might all help us.I have gotten a few more contact via friends / business associates.

Remmber being a an agent is really a sales position, which is why many are leary of them --- why else would the association need to develop a Code of Ethics and market it so much (and provide so much training).As you do more deals and network/learn with/from other agents, hopefully you will become a better agent. 

To do that, he needed to set up the condominium association which costs $20k ish and a lot of time.

Even if you have to pay more for the purchase think about the costs of carrying the real estate while waiting for the approvals  (debt service, property taxes, insurance, maintenance for the in-place tenant) and the additonal finance charges associated with originating an acquisiton/bridge loan and then a construciton loan at a later date. 

We financed the purchase through a local and trusted HML and partner, now friend and business associate, Mike, funded the bulk of the rehab.

I was thinking about doing only fix and flip with my own money , like trying to flip those 50k to 150k by associating myself with someone who have experience and then flip those 150k by myself to the million without loan.