It seems that most condos are selling at the purchase price from 1-2 years prior.

You have to be willing to sell your properties and access the equity to buy up. 

So a majority of the ownership groups would want to sell, plus since they are more sophisticated owners usually would sell through a broker to get max price and not sell privately.  

Rent is decently expensive, but whenever I booked the stay, the owner mentioned he was trying to sell the unit.

.- Many of them have no clue of the actual condition of their properties and a decent percentage want to then sell.2) We have owners we terminate, that don't want to spend a penny maintaining their properties.

I think a sale is probably the best thing sell for what its worth dont let an investor suck him into some wholesaler suck his equity from him.. sell re group and move on.. 

I would tell people today that if you buy a primary residence expect to stay in that home for atleast five years, especially with a FHA loan which has lower down payment as the current forecasts for home appreciation or very low which with closing costs on the buy and sell, it will take several years to have equity in the property and enough to be able to sell, so that is something also to consider.

.$70k out of my pocket cash and sell the house when it is done for $360k to $400Kclosing cost $40k so 360 - 40 = 320 - 270 = 50K profit or 400k - 40k = 360k - 270k = 90k profitthe $360k is conservative for sale price chino hill ca.at least that was what i had bouncing in my head

Rent To Retirement sells new construction houses in growth markets, so your comments don't really apply here.

Because EVERYONE wants to sell their house fast.People who list on the MLS want to sell their house fast, people that want to sell their house FSBO, want to sell their house fast.