In the mean time the value went through the roof making the project a success.Once you start getting in front of people and discussing options you will be surprised at how easy it becomes to get private money.

You would be surprised to see that condo complexes don't factor in all the items they should be when determining their budgets and savings allotments.  

Is there anything a listing agent can do to avoid this unfortunate surprise for their rehabber client?

I was pleasantly surprised to find no age requirement in my state.  

@Justin Dixon, (thought bubble): I'm often curious why so many people look to buy homes, when they're in no better borrowing shape than the current owners - but are still surprised it's so hard?...

Again - I do not believe you will see this as your expenses are way understated and you will NOT be left with 9.6K.From your responses, it does NOT appear that your have any reserves in the event that a tenant moves out earlier then you expect or you get surprised by a major repair.

Wow, in the hottest apartment market America has ever seen, I'm surprised it's a problem.

So I've never gotten deals off M&H and way way back got one off hubzu.I've bought maybe 12 deals off auction.com REO / bank owned/ auction.com calls them "on line auctions" fewer to no surprise fees on auction.com.   

I did some research on Orange recently and I was pleasantly surprised.  

You need to consider the money you're going to lose for holding costs, property taxes, HOA fees, utilities, insurance, any surprise maintenance expenses that may arise.