Condos are often terrible rental properties because the HOA controls a large portion of the costs.If you want to get into rentals, take the proceeds and roll it into something else.

Followed this up with a terrible construction draw administration process and then due to some contractor issues we missed the sales covenant....

Or the buyer could just miss a notice that the loan has been transferred to a new loan servicing company (as they do, loan servicing companies are terrible IME), and miss some payments by accident, again negatively affecting your credit.

I hate to hear this, that's truly terrible.

I bet he was listening to the realtor, TERRIBLE idea (sorry realtors) .Realtors care about one thing, making the sale.

The roof is terrible and there are leaking pipes.

Out of rage terrible service. 

3) City is going to be writing more tickets and making it easier for tenants to escrow their rents with court if property has no CofC.4) Terrible business approach! 

People bought terrible properties and made a killing just on the appreciation.

I have seen some hard money loans for rentals that can cover the rehab but the rates and terms are terrible.