Issue now is more that deals dont cashflow with high leverage but if living in it or banking on appreciation can be a winning strategy forsure! 

Here is an article that appeared in the Worcester Chamber Exchange.I've been hammering away at this issue for years on my BiggerPockets blog.

If she offers additional information that resolves the issue, then you can consider whether you want to try again.

If it is normal and it's out of budget for you, you can either use financing to lower your cash outlay, partner up, or find a different property.If the work is cosmetic, it wouldn't be a big issue to tackle on your own, but if it's more than that, probably best to play it safe and hire out.

But because two investors own the majority of the units in this complex, they keep the condo fees at $150/month (about half the area average).

@Sandra Quinn title is misleading, because this would NOT be a passive investment.The owner would still have to manage their PMC and be involved in major decisions!

Although no major renovations were needed, our strategic approach and rapid transaction management significantly increased the property's market value.

While the sweep is around $200 to $300, removal a couple of thousand, a contamination issue could be anywhere from $5k to $100k.

The vast majority go right in the trash, but I have a $5M listing under contract right now that came from a postcard that the seller kept for 3 years before calling me!

Not bc of their cost basis (bc that's their issue) but moreso do to the fact that they could get jammed up on their equipment rental, which could impact the project, ultimately costing the developer.