Maybe I am mistaken, but shouldn't cash-on-cash ROI be calculated based on the 'down payment' (i.e. since that is the only money coming out of my pocket)?

The co-op is larger than the largest bank (BofA).Co-opcreditunions.orgI returned a cashiers check mistakenly written to me for $1,000,000 by BofA. 

@Jimmy Klein Just before you sell it if I'm not mistaken.

This best is real and possible but if you think its going to happen over night with minimal effort then you are greatly mistaken.

@Arslan Younas I haven’t done a deal in NY but in multiple other states if I’m not mistaken NY is a attorney state you will need an attorney but please check and confirm that.

We are on a shoestring right now, we have spent all of the money we are able to on necessary upgrades and furnishings etc, and given the tax/insurance/electric/gas/cable and wifi bills that are going to be due on the regular there isn't time or money to upgrade kitchen or furnishings, we were hoping that maybe we could accrue enough of a surplus that come spring we might tackle a kitchen reno or other such projects, but at this point I am not holding my breath.I will look at our prices compared to other similar properties, I had been under the impression that we were priced lower, however it seems I am mistaken given the feedback here.

@Spencer Dalberth & @Kelly Zingarelli If I'm not mistaken, we have a BP Meetup on the 1st in Lake Nona?

But, if they were simply mistaken, then they won't be fully at fault.

Often mistakenly referred to as a type of construction or development, it actually refers to the type of ownership.condominium conversionChanging the ownership of an existing building (usually a rental project) to the condominium form of ownership.condominium hotelA condominium project that has rental or registration desks, short-term occupancy, food and telephone services, and daily cleaning services and that is operated as a commercial hotel even though the units are individually owned.

I'm assuming the lease stays in place and I don't need to write anything new, or am I mistaken?