If they make the condo their primary that opens up a number of options on the non-bank (private) financing side for rescuing their captive equity.

We have helped many operators start or fix their captive finance operations, helped community owners and retailers deal with their state and federal compliance issues, and trained thousands of sales personnel in how to sell legally in a post SAFE Act world.

If your broker only represents one carrier (captive agent) or only has a couple of markets you should also consider getting quotes from other Independent agents who represent different markets.The following is part of a post I made to a new owner in the past. 

Even the title companies local to you who have captive QI accommodator relationships will usually be working with folks far away and your interface will be at a distance.

As a finance undergraduate student, I've always been captivated with investments, and real estate has been my favorite type of investment opportunity. 

If you remodel the interiors, you're still a bit captive to the rent of all the next-door neighboring units...

If you use a "captive agent" or one who only sells for one company, the advantage that I can think of, is that that they may REALLY understand the offerings for that one company. 

Most underwriters have what is called "captive QI"s either wholly owned by the title company or wholly owning the title company. 

The first Podcast I listened to was #247 "How to buy your first (or next) property by the end of the year", and all I can say is I was captivated to learn everything I could after that.Been reading the forums and listening to Podcasts ever since.

Other things I’ve heard of is using a captive insurance company, but that’s more for the big guys who make a lot of money (think 500k plus) or putting properties in a C or S Corp and paying yourself a dividend.