I can tell you from a personal point of view that I would recommend to my client/lender that they call your note due if I ever found out that a borrower legally declared a condominium.

If she’s been declaring that income and deducting depreciation she’ll have to recapture that at 25% but that “part” could probably be 1031’d.

Knotel which is a WeWork competitor, declared Chapter 11 back in Feb.

There was a defect with the roof - long story about a contractor who screwed me on the roof and I didn't find out how much until this lawyer comes along to buy the house, and his building inspector or roof inspector declares an issue.

The big boys will muscle you out with their big marketing 2.

Lifting heavier weights is harder, but it is the only way to make your muscles stronger. 

In my understanding, it's his responsibility to declare that income, so more of a him issue regarding legality and not mine.

You have association rules, the committee might be misappropriating funds, special assessments might be levied, typically you are not the majority owner or controlling declarant.

Further, you’d be exposed to SEC declaring your offering not “exempt” at some future time, and would give up any statutory defenses should you be sued by disgruntled investors.  

Examples:Short Sale Package requires full tax returns, but borrower submits pay stubs or a W-2, or hasn't filed taxes, or has an extension on their taxes.Borrower omits hardship letter, or bank statements, or budget, or income and expense declaration, etc.Once everything is in, THEN the lender's 30 day clock starts to approve/deny the shortsale as presented.Lender may do a BPO.