While age can be a contributing factor, especially if the Board has not adhered to their fiduciary duty, there are plenty of "New" condo projects that, by the second year, discover the Developer's budget and reserve funding plan was woefully inadequate.

As I mentioned, owner occupied may be excluded from some or all of this:https://www.state.nj.us/dca/di...

If you want wider steps, I can get a quote and you can pay half the cost (or all the cost)."

You can always cloud the title and argue the oral agreement you had with your parents but you will need the attorney and$$ and may not win anything.

As some other respondent mentioned elsewhere-- if you are seeing red already without utilities or all expenses... tread carefully.The 15 year term (as opposed to 30) also hits hard any prospects of realizing a positive cash flow.

Or all three that could happen in a 10 year period.The newer TK operators have no long term performance data so it's just marketing right now.  

Let them know if they follow through and you can do the final walk through today/tomorrow as planned, you'll give them part or all of the security deposit back, kind of cash for keys, but at least not money out of your pocket.

I don't believe that all college students or all low income tenants have the same habits.

Please give answer to any or all of them.

Unless you're putting down 50% or all cash, haha.