You have no more at risk than you do in your own home (where you probably have more equity.) or your own car (where you probably have more risk.) and we won’t talk about if you have a pool or a dog. 

from the little I know and its only because i have brokered 50  100 unit apartments the buyers are quite sophisticated and have a lot of cash and have their lenders lined up.. 

Personally I look at that as the easy side of putting value to a  BRRR or fix and flips.

Quote from @Patricia Perdomo: "I saw a rotten apple at the grocery store for $1.

I own a unit at a local condominium complex and am having issues with timely response from the HOA. 

@Michaela Hayes What about these projects would make it compelling for a lender to offer 100% financing?

For instance a lender that requires a 15% down payment will have a lower rate, because for them there is less risk.

The borrower simple starts remaking payments at a given agreed upon date.

Our two story more family homes started at 500k and have ended up at 675k to 725k.. with our original nets at 100k ( was the goal) to now we are 100k to 150k NET NET NET on those.. we have 17 more to deliver and 11 are presold at those high numbers and so if I can keep lumber where i need it we should have a very nice last year of the project.

There are plenty of commercial buildings in Phila but they have 2 main concerns which deters investors.1.