Like Marcia suggested but maybe add, “basement not warranted to remain dry; do not store anything of value.”

Is the purchase price strong enough to warrant you carrying the majority of the building for awhile and possibly having to invest in tenant improvement allowance?  

I was hoping to use that as mutually beneficial relationship, management of the property bears on them, while I bare the cost of aquiriing and making any necessary repairs.Being out of state and making my first move does warrant an extra level of scrutiny to make sure we have the right people involved.Really appreciate your feedback.As for Cleveland margin and the initial cost of entry seem to be just right for me.

Nobody has been “injured “ to warrant a lawsuit 

With a purchase price of $220K-$230KSome seasoned advice is definitely warranted.

Assuming you qualify and the condominium complex is warrantable, you can get away with 10% down, and a better interest rate than purchasing as an investment. 

Does anyone have any advice on how to do a cash out refinance on non warrantable condos at such a small value?

INVESTOR ADVANTAGE PROGRAM HIGHLIGHTS No personal income used to qualify**Qualification based on property cash flow**2 years seasoning for foreclosure, short sale, bankruptcy or deed-in-lieuUp to 80% LTV, no DTI restrictionsNo limit on number of properties financed (5 with CMS)Loan amounts up to $2 millionSeller concessions to 2%First-time investors allowedEscrow waiver permittedNo reserve requirement for the Investor Advantage Program1x30 in last 12 month on housing history acceptableFICO down to 620Non-warrantable condominium OK

“John” apologized for not being there but he has an Outstanding Warrant and well. . .you know he said… “if I show up that might be a problem”.The cop assured him he understood. ;-)So, the AirBnBer’s stuck around to identify “John Cantu” from the police mug shots and he is now being sought Again, by the P.D.

Look up the owner online in the county records, then if warrants Ted order a title search.