I wouldnt want something weird to blindside me later down the road.

@Kyle Mccaw I agree with that that’s how I try to look at every scenario, COVID hit my wife and I and she wont see a paycheck for a month so our funds are quite limited at the moment that’s why I posted this originally, 3k on BP conference a couple weeks ago and then getting blind sided by COVID and a hospital visit last night shortly after responding to you for my wife, has set us back almost all of our savings.

This one blindsided me though.

Also, do good DD before you buy...don't get blindsided by a bad well or septic at the end of its life.You need to really understand your market to make this decision. 

You don't want to be blindsided with anything in this process.Another strategy might be some type of Deed language.Good Luck! 

This gives us more accurate underwriting but also provides our PM's with less headache down the road because they're not blindsided by what we end up purchasing.

I would much rather be challenged now than blindsided later.

I'm kind of blindsided that I'm responsible for property taxes for an entire year before I bought the property.

So once you place a tenant in there it should be pretty passive with some minor internal repairs.The downside is that the condo association could have a reassessment of fees and blind side you, they could ban renting out of units or restrict them (i.e. no short term rentals, can't rent out for more than 6 months out of the year, tenants need approved by COA), and just overall less control over 100% of your property.

Make sure they know going into the lease and aren't blind sided with this information.