These records can give you a clearer picture of how well the building has been maintained and any potential expenses on the horizon.To address concerns about issues like a deteriorating foundation or sewer problems, ask the condo association for documentation related to past repairs and maintenance.

As well as coordinate all the due diligence.

So, don't get involved as a lender, make the loan and contract outside the lending entity where you have something at risk as well in order to share profits is my suggestion.

If your "Mr Shady", yup, there gonna nail ya, and your shady rep will be known and tagged over n over n over again.

Maintain separate accounting records for the LLC, have LLC property properly titled in te name of the LLC, and you should be well protected from any attempt to hold you personally liable for LLC acts.  

You can use the free versions of Airdna and Data Rabbu to see how well those sources predict it could do. 

It has worked pretty well. 

I plan to invest in nj where house appreciates well. how to do I find the true appreciation rate for certain towns ?

Some folks do well and others lose their shirt and go bankrupt.It is definitely a risk and you are creating a job for yourself, but judging by your wording, you kinda want a business instead of investing.It is scalable based on your area and how much risk you can tolerate.

I'd love to assist you Alexandra, I am in the DFW area as well.