While I can understand some of the desire for rent control there are other more practical and productive ways to assist families in need of housing (IE fix the broken section 8 programs around the country)  I would prefer however that all of you out of state investors get out of "our town" so that the prices can go back to normal for us locals, which should in turn help keep rents down a bit locally .....

It passed no problem and the appraisal was done twice as fast as a normal appraisal in our market.Write a letter to the sellers with your offers too and sooner or later you will find someone who wants to sell to a veteran even if it means $5-10k less than another offer.Best of luck and thank you for your service!

Does any of this seem normal?

However, I don't know if "new contract" means the seller wants to take the existing EMD and have a new contract for a new EMD amount...if so, is that normal?

Normally accomplish by asking them to give you the new account numbers for electro and gas.I’m just pulling this off the top of my head but I have a internal full time property manager so she deals with all this for me and I haven’t done this myself in a while so I’m sure I’m missing things.

We normally don’t buy investment condos since the cash on cash return is normally low due to the HOA fees but there is something to be said about not needing to worry about the exterior, heat, hot water, snow removal, or landscaping.

We normally don’t buy investment condos since the cash on cash return is normally low due to the HOA fees but it has been very passive What made you interested in investing in this type of deal?

The seller would be responsible for the real estate taxes on the property up until the date of sale (this is normally prorated between the buyer and seller for the year of the sale), as well as any capital gains taxes on the sale of the property. 

@Aaron NatalieSpeak to your CPA on whether a cost segregation will benefit you.If it doesn't benefit you, you may be better off not spending the money on the cost segregation company.Also, there are two types of cost segregation companies.DIY and engineered studiesI normally recommend DIY studies for residential properties below a certain dollar amountEngineered studies for other asset classesBest of luck!

@Alex BelliniMulti-family homes normally make better candidates for Cost Segregation studies.