I stepped in and negotiated these all out for them. paying a bunch off foreclosing on a bunch etc etc. they got out of it by the skin of their teeth but lost ALL their money.

But it has no impact whatsoever on the outcome. 

Many on this board would give their eye teeth to be in your position.If I had this opportunity, I would take full advantage, work my butt off without counting the hours, and learn as many aspects of the business as I could.

AH the joys of Condos - - you have no control whatsoever of the upper unit and the consequences to you/your tenant are totally unpredictable.

I gotta drive ever day for the next 2 weeks to make up for the deep teeth cleaning I'm gonna need soon .Best regards Bob 

Seems to me, that is one of the best ways to cut your teeth in this business.  

DON'T even accept the code by any means whatsoever. 

The SFR got me into rentals for ~2years where I cut my teeth on being a LL - - it was useful experience. 

You could go several months with no costs whatsoever, and then get hit a $3000 air conditioning bill.My question regards how people handle this with capital.  

And many times, buyers end up paying more if they have contingencies, to win against other cash or non-contingent offers, so I often wonder whether I am actually helping my clients by adding contingencies in this market...I try to disclose as much as possible and explain why we need competent lenders and no contingencies, but I can see that many buyers esp first time buyer are skeptical until they lose a couple of properties they loved over non-contingent offers...And there's no monetary compensation received from my lender whatsoever.