I have seen some condo owners with lower COA fees get hit with major assessments they weren't expecting (think $8k for a roof, $2k for painting, $3k for elevators, $2k for paving, etc).

@Angelo Evangelatos I wouldn't form an LLC just so you can use it in your elevator pitch because you can craft your story without having a company and still sound legit.

That potential you mentioned for extra months of elevated rent!

I do find it perplexing that the presumed assumption is that I'm going to essentially screw my parents over to elevate my personal residence, wallet, ego, whatever . . .

Detroit) where the numbers on the property look fantastic but your overall risk is elevated due to the market you're in.If you haven't done so already, download my free report "2013 Housing Market Forecast".

Here in the DR, I have spoken to most that utilize the same setup, right now im trying to target areas that are newly renovated and have gyms and elevators.

You will likely need an architect to create some plans and elevations and/or renderings to show your proposed building will fit in with the neighborhood.

Property Description: Handicap accessible elevator to office space.

So I feel he had the plan to do the work correctly, but didn't reapply and complete the process.On the contrary, I could see some elevated risk here.

It would seem now many now feel they are entitled to a high-paying job without equal work, benefits without earning them, and an elevated lifestyle without earning it.A study conducted in 2012 revealed that more than 50 percent of people living under the income poverty level own a Smart Phone.