You need to make sure the board is reserving enough money to maintain common elements.

I'm guessing that's a big yes... now of course too as long as you can handle the payment, have some repair reserves etc. even if you're not cashflow positive. 

Talked to the neighbor who confirmed it and that the owner moved out of state.

Through Auction.com, you have one business day to complete the contract agreement, etc. after you have won the property with the highest bid ( I know Auction.com has the final say if you won or not if the reserve was never met). 

I will randomly guess the answer and need your confirmation if my guess is correct: The 100% amount is not the price of RE but amount how much does the agent earn.

Does anyone know of a checklist of coverages that we should confirm prior to choosing a policy? 

Confirm with the city.What about garbage, snow removal, and landscaping.I think if you rerun your numbers, this may be pretty thin.

(a) In every transaction wherein an application is made by a prospective tenant to lease a dwelling unit, the prospective landlord or owner of the dwelling unit shall not ask for, nor receive, any "assurance money" or other payment which is not an application fee, security deposit, surety bond fee or premium, pet deposit or similar deposit reserving the dwelling unit for the prospective tenant for a time certain.

. - thats fix and flipBRRRRbuying property for $400k, ARV $700K, will try to save in renovation but will still come out to about $140keach 3 bedroom apartment in area is going for $2,300/month (confirmed with rentometer and local listings) Taxes are $5,300/yearso what I did was $2,300/month each unit = $4,600/month75% of $700,000 = $524,250 at 4.25% = mortgage payment of $3,943.82/monthWhen you add water, tax, insurance, maintenance I am getting another $1,138.75/monthso in the end you negative cash flow ($482.57)I know the property is being bought at the right price, compared to location, but can that be possible where a property makes sense as fix and flip and not as BRRRR? 

The estoppel certificate is a form filled out by the tenant and then confirmed by the Landlord.