HOA, for those that don't know, is an organization to manage and govern a complex, the letters stand for Home Owner Assassins!

My lease, I dont think is any larger than what a lawyer might draw up for an apartment complex and only 8 pages because the print was enlarged along with an area for the applicant to initial next to each clause.

Wells will sell this loan off to Fannie (Mae or another GSE) and their underwriting won't allow high investor density complexes.

If you work for a large company you may have a more complex 401k plan which allows you to take a longer term loan for a primary residence purchase.

I remember a new big condo townhome project that a couple buildings in the first phase already had to have concrete pumped underneath the footings because of soil issues...while they were still building out the complex.

So there are three 2BR units in pre-foreclosure in an apartment complex all being handled by the condominium associations attorney.

It was a forty eight unit apartment complex and the most expensive and profitable property I showed him.

Ok, so getting back on topic, since my original post over 3 years ago, I had since went to a seminar put on by these guys and paid the few hundred bucks to see what it was all about.In a nut shell, they are taking what is a simple idea, but a complex transaction filled with risk (that you need to know how to manage) and licensing requirements, packaging it up as an easy, anyone can do it, and selling it off for large profits.The facts are this, it is NOT easy for anyone to do this without violating a number of laws and regulations, it is not easy to manage the risk, and building the relationships they speak of is also not a simple or easy task.

:What about installing a new bathtub - Trained handy man or Plumber Depends on the complexity.  

In a little mess with my TIC Tenant-in-Common investments, lost one Office complex, and trying to hold on two students housing.