I'm hoping that I can get a bit of feedback and comments as to any possible issues may occur with this deal I'm putting together with a wholesaler.The wholesaler has a property in East Point(Atlanta), GA, for $55,000 that needs about $25k in rehab.

When we cross-reference the bank statements with the Excel document we found the amount on the document was greatly overstated compared to the actual bank balances.We figured a settlement was all that certain at this point because there was no denying the fact that money has been misappropriated (although her lawyer claims it was an "accident" and only "on occasion").

We may not need it for years, but when we have an accident we are glad we have it.

Monthly condo fee is $300 which basically pays for water/sewer/trash, landscape, common electric (washer dryer exterior lighting) and the major expense is insurance.One of the units had a diseased owner - death occurred overseas actually, and it has been two years, was in probate, then a short sale, with two lenders, basically it's been "PENDING" for a long time.Meanwhile, no one has been paying the condo fee for this unit for over two years.Since there are only 4 units to this building, missing 25% is a lot and so we had a few special assessments to make up the difference.I was told the back money owed can't be collected in full, the most they will get from the bank is about $1000 at closing.

Preparation for the real world is a must.In college more learning occurs outside the classroom door.

Welcome to BP @Bojan KovacevicI have a similar story to yours.I had a bad accident which made my movements very limited.

Montgomery County does not raise assessments when a sale occurs that I have seen.

Not to mention cya from issues that May occur later by dealing with it now.

You will need reserves to handle any unforeseen expenses that may occur.

Just be sure to have the exchange in place before the sale and purchase occur.