The $5 you are thinking about is the fee when you surrender a tax certificate and receive a tax deed.

The property manager did not serve nor render services as Property Manager during the claim period and surrendered access to the property before the claim period. 3.

Also, I would read and reread the surrender clause and make sure you are not at rish of losing all you equity once the lease expires. 

If things go bad and you have to surrender the property, the bank doesn't care if you own them 200k or you've paid it down to 20k."

You're essentially surrendering ~10% of GSR each month for very little in return.I'm nervous about condos overall because of the HOA and restrictions.

The current owner pays back what you put down plus interest or surrenders the property to you.

Even after that, it can take over 15 years before your cash surrender value is equal to what you invested.

I found the Broward county tax assessors page:  http://www.bcpa.net/homestead.asp   It contains this statement:If you or your married spouse have a Homestead Exemption in any other county, state or country (or an equivalent permanent residency-based exemption or tax credit, such as New York's "S.T.A.R." exemption) on another property you also currently own, you will NOT be eligible for a homestead in Broward until after you surrender the exemption in that other jurisdiction.

If the banks surrender, you're success.

I had to dream for a long time while I search for my building, the thought of surrendering my authority and responsibility is ridiculous.