I tell our STR and Airbnb investors in Colorado that the audience for a response is not the just-departed guest at all.

The Front Range market has a very pronounced seasonality to it: March-June is "selling season" when the bulk of the listings hit the market and all of the retail buyers are out hunting.

Speak with the commercial lending department as it's 5 units.If those are the numbers, you may be able to do a deal like 50k down from you, 50k contribution in the form of seller financing (2nd mortgage), and then the bank can provide the rest including purchase + rehab financing. 

https://www.clevelandohio.gov/city-hall/departments/building...A few properties are still registered, you can check them here: https://aca-prod.accela.com/COC/Default.aspxIs this an intelligent method of getting a rental registration and improving the city?

This first-of-its-kind project addresses California’s housing shortage by repurposing an underutilized site into a vibrant residential and retail space.Of the 800 units, 180 will be affordable housing, with amenities including a rooftop pool and fitness center.

Our title companies customer service departments are second to none all of this was free for me..

If you're paying retail for a property, its hard to make the numbers really work. 

Now I have to register every year with the "housing protection department" because my unit is "available for rent".

As @Nick Harrington stated the main drawback as I see it is that you are buying at retail or very close to it.

I would like to solicit feedback from both consumers and the pros on the feasibiltiy of buying a nice house near the beach near retail (I'm thinking NJ), then flipping it as quarter-share fractional interests at a premium.