You just want to be sure that is set up properly because if it's not you may end up with some wild double-taxation situations, etc.

Cap ex and reserves would not be included as they can vary depending on the ownership and lender requirements.The idea that all properties would follow a 50% operating expense ratio would not be accurate as it can vary wildly in different areas. 

It's probably fair to say that title insurance is wildly overpriced, even if it provides a legitimate service.

its like the wild west in there.

My wild guess is the reason it hasn't sold is the property needs a lot of work.

@Freddie TaylorFirst and foremost, ignore the assessment as those can be WILDLY inaccurate to the tune of 40-50% or more in some cases. 

@Brock Adams  the issue come to find out is the attorney has to hire and pay for a title abstractor as an independent contractor.. so they are reluctant to do that until they think the deal is going to close. so I have to pay for it up front. ( cost of doing business on my end)Where as in on the Left coast were we use title and escrow companies the county records are digitized and in their in house title plant and they can spit out title commitments very cheaply and rapidly. and you NEVER pay for them in advance.. and if I cancel a deal they just suck it up as cost of doing business.. unlike a closing attorney in SC they expect to get paid as they have paid a 3rd party vendor ( and I can't blame them at all either ).. its just wild how far behind some of the east coast states are in getting title into the 21st century or at least the second 2/3rds of it   :)

Since then it has been an amazing and wild experience.

Banks, title companies, realtors, cold feet, taxes, ALL want their grubby little hands in everything and they want to do it on their timeframe, so you just have to suck it up and wait.

As long as you feel long term that the rents will continue to stay elevated and the prospects for your area are strong..Problem with condo's is that they are a wild card when it comes to fees.