You'll gain some insight into what the City Might consider. 

Yes, there are of benefits to the 529, much like there are benefits to IRAs and 401ks, but I trust you're finding here on BP that wealth can be, and is, amassed more quickly when you take control of things.

All I need is someone to help me lookout for the pitfalls while I gain some traction.

If we decide to make an offer, is it possible to either 1.) make the sellers put the full price of repairs in escrow (even though the other unit holders will benefit from the improvement); or 2.) make the offer contingent upon the condo association putting a certain dollar amount in escrow to handle the repairs; or 3.) do a combination of 1 and 2 saying that if all of the owners don't put a certain dollar amount in escrow by a certain date then the sellers pay the full amount of forfeit the deal?

What he said about investing for cash flow and not capital gains really resonated for me.

I did buy in Detroit 10 years ago for $16,000 Now worth $500,000.00 My nextdoor neighbor (house 2400 sq ft) sold 3 weeks ago for $339,900Mine is 4987 sq ftI always posted I was in Detroit for the appreciation the cash flow was added benefit!

David spoke about cycles and how buying selling high and how he has liquidated his assets several times but what about capital gains tax?

So I'll be marketing as a FSBO on free outlets such as Craisglist and Zillow to save and gain a larger profit.Tell me if I have this right: After I get a buyer, I have the new buyer sign an "assignment of agreement to sell real estate" which state that the new buyer will give the seller the amount that I agreed to pay then and the remainder (listing price - my buying price from seller) would come to me.

As far as I can tell, the benefits with the 30 year are:Interest is deductibleDue to inflation, the cash that Im using to pay the monthly payment in 20 years won't have the same buying power as the monthly payment does today.  

The benefit is that the payments are taken from your check pre tax which helps and you pay yourself the interest rather than the escrow company.