A special assessment should only be used as a last resort. 

Any other advice for a new flipper is greatly appreciated, specifically in resort areas.

one or two of which could be in our favorite ski resort towns... etc... 

PS ive bought a low cash flowing property Hoping for appreciation but it was way way below replacement costs and in a resort town.

I ran into this issue with crowdfunding, being that I am a non-accredited investor, thus, I resorted to the stock fund investment path.

What you don't want to end up with are the last-resort college students as they'll usually be harsher on your unit, collecting rent will be troublesome, etc.  

I'm also in the process of building a spec house with a partner in a Texas resort area, which is a first for the both of us.I think I am unique in that I have only ever used commercial loans to buy investment property, which I hold in LLCs. 

I'm Andrew Geib, currently I'm working as a lean six sigma engineer based in the Aurora/Naperville area. 1) Favorite real estate book: just picked up Rich Dad Poor Dad for the first time2) Favorite non-real estate book: Freakonomics3) Advice for new investors: seeing as I am a new to real estate, get started now rather than later. 4) Hobbies: cars, I autocross my daily driver whenever I can, I'm resorting a classic mustang, and I frequently go to car shows all across Chicagoland. 

@Brian Ploszay Ya, trying to not resort to threats because I don't know the situation, but 2 weeks is a long time with no communication.. 

Investment Status Substatus Date First Invested Maturity Bergen County Flip Active Delinquent 5-May-15 1-May-16 Tower Lakes Purchase Active REO 21-May-15 22-Jan-16 19-21 Baldwin Fix Flip Active Foreclosure 30-Jul-15 28-Jul-16 Memphis Garden Apartment Complex Active Foreclosure 22-Oct-15 7-Apr-17 Indianapolis Shopping Center Active Loan Current 18-Apr-16 14-Apr-18 Vermont Ski Resort Townhomes Active Foreclosure 1-Nov-16 1-Nov-17