I basically took pieces from the Realtors association 410-T, the Cozy documents that are $99, and other clauses I found. 

Our bylaw says everything behind the wall is a common area and any repairs on that side is a financial responsibility of the association, not  owners. 

@Christina Luton I have not completed a deal with partner yet, but have explored it with an associate. 

If there is additional costs associated with the correct insurance I would roll this over to the tenant.

I do wish I had some insight onto the market on Oahu, but I was pretty much eating Ramen and sitting in the field or deployed so not much help.It may help others if you have the fees associated and property management fees so they can calculate.

You may also be responsible for additional fees and costs associated with the tax lien certificate sale.

The  association I'm in has a program we use that has these properties already listed there but in the South Florida area.But for you.....I read in the book Wholesaling Bible, "To get a pre-foreclosure list you have two options: (1) you can put the list together by going down to your local county government office and searching for and finding the recent lis pendens or notice of default findings; or (2) you can buy the list from a pre-foreclosure list provider/broker."

The HML guys need to charge 3 or 4 points because they need that profit and they need to put some away to pay for the legal fees associated with foreclosing on you later on.

I nicely state, there's late fees associated with you late rent payment and I'll be sending you an invoice for this.So I send the Late Rent Invoice, basically $50 late fee on top of the $1450 rent due (making it a $1500 total). 

Johannes,If you have to make changes to the Association, I know of an couple of Attorneys in CT that have handled formation of these small (2-3) unit condos.