A couple of thoughts specific to condo investing:1) Be sure to include the condo fees into your cashflow analysis, and budget for potential assessments as projected capital expenses2) Make sure the condo association is solvent - a good litmus test is whether or not the units are approved for FHA financing3) Make sure the condo association rules/regs allow for rentalsGood luck!

There are new laws affecting California transactions in 2024, some of which are very relevant to investors and house flippers.According to the California Association of Realtors, starting July 1, 2024 most 1-4 unit properties that are resold within 18 months (aka flips) must disclose:- repairs, renovations, room additions and structural modifications that were performed by a contractor with whom the seller entered into a contract- the name and any contact info for the contractor for any work over $500- any permits obtainedSo you still can be an HGTV star, just make sure you do it by the book. :)Have any of you flipping in the Los Angeles area been affected by these new disclosures?

Here (and I'm assuming in most places), the condo association governs STR restrictions, not the local/county governments.

Don't borrow money from HML associated with the wholesaler 2. 

A condo association can get in legal trouble and banks won't lend to prospective buyers, making it nearly impossible for you to sell your condo.

>appraisal just came back for $235K when we had estimated along with our real estate agent an ARV closer to $340K based on comps. in My market the refi appraisals are more conservative than appraisals associated with offers.  

Currently, one of my long-term employees is on the brink of financial bankruptcy due to the significant health care costs associated with her teenage daughter’s severe mental health illness.

You can always put in sweat equity to do repairs / renovations but you still have to pay for supplies and other associated bills.4.

I had another previous appraisal in the past from this company (Mike Bowden and associates, Spring Texas) there were sq footage inconsistencies as well as other inconsistencies about the subject property. he low balled the appraisal on a refi by apron 50,000 dollars!

If so, what is the process like a condo association from multi tax lots to a single tax lot.