There are several investors who boastfully  declare how many times they can get the same property back and collect "option deposits".  

That means that even in the event of a bankruptcy or other catastrophic event involving Cozy or Stripe, your funds are always safe and trackable.That said, both Cozy and Stripe are well capitalized and there’s extremely low risk of either company suddenly ceasing or declaring bankruptcy.I hope this helps, and please do send along any additional questions or concerns you might have.

If you decide to rent the property out and end up declaring it as a rental on your tax return then a 1031 exchange will be a good option. 

It is a muscle.  

All contracts, options, or other devices not based upon a substantial consideration, or that are otherwise employed to permit an unlicensed person to sell, lease, or let real estate, the beneficial title to which has not, in good faith, passed to such party for a substantial consideration, are hereby declared void and ineffective in all cases, suits, or proceedings had or taken under this chapter; however, this section shall not apply to irrevocable gifts, to unconditional contracts to purchase, or to options based upon a substantial consideration actually paid and not subject to any agreements to return or right of return reserved. 

By-Laws, Declaration, House Rules, and other Governing Documents will provide a lot of pertinent details, while the actual Operating Budget, Reserve Study, and Reserve Funding Plan will reveal the actual financial condition IF you understand how these actually affect individual Owners.

You also need to have an understanding of the Governing Documents, including By-Laws, Declaration, and House Rules as well as what is required to change any of those documents.

If he refuses to leave get the building inspector and fire marshal to inspect and declare the unit unsafe for occupancy.

The tenant that comes right up and declares his previous issues with the law may very well be a tenant of choice in some areas.

Aloha,Typically when submitting an offer you would request a package of "Condo Docs" that would include By-Laws, Declaration, House rules, most recent monthly financial report, the current or upcoming yearly Operating Budget, most recent reserve study, reserve funding plan, most recent annual and regular meeting minutes.Depending on the locale, reserve funding requirements vary a great deal, so it is important to learn about how to read and interpret this information.