After rehabilitation is complete, the individual buildings within the condominium must not contain more than four units.

The investor is looking to purchase his 5th unit of a 10 unit residential condominium complex.

Before that I was working with mortgages, apartment rentals, and condominiums.

The HOA Declaration of Trust it states the following:  "No unit owner shall make any addition, alteration, or improvement in or to his unit or any portion of the common areas and facilities to which he has the exclusive use, which may affect the appearance, structure, or mechanical systems of the condominium, or which is otherwise restricted by the Master Deed without the prior written consent thereto of the Trustees.

Originally posted by @Lane Kawaoka:2-4 units have bad exit strategies so consider that although the pro formas look better than sfh I disagree - all ours are setup as townhomes or condominiums from the outset.

I’m located up in Maine and looking to do the same type of project Commercial condominiums.

Purchase price: $150,000 Cash invested: $50,800 2 Beds 2 Baths Condo at Napoli Luxury Condominiums at Naples Florida.

I hired an attorney to create and file a document called a "condominium declaration."   

Given some lawsuits that have been filed that have reached the Supreme Court in Puerto Rico regarding the use of Condominium units for short term rentals. 

Purchase price: $450,000 Cash invested: $1,500,000 This project involved renovating an old commercial building in Oakland into five live/work condominiums.