Why would you not get it properly permitted.

Have a property inspection to make sure mechanicals are properly maintained and in good working order.

It is like a credit card in that, if you have a zero balance then it does not count against you.

At this point in my life, I love my potential mobility.Opinions on the potential of bringing deals to experienced investors for a small share of the deal as a way to not only learn, but to build my resume/balance sheets?

So, pay him $230k, put $5,000 down, and have him owner finance the balance over 15 years at 0 interest.  

With more units, bigger budgets, making it easier for the HOA to absorb (not always tho)2) having someone on the inside is key, they can share with you information as to the true health of the HOA and politics. 3) FINANCIALS - Need to see balance sheet and P&L.

What accounting software do you use to keep track of trial balance, and build financial statements for your wholesaling business?  

Sounds like it does not have proper cleanouts, either, making it difficult to get a cutter in there. 

my agent asked what their balance was... $300K... so only like $330k will pay commissions and costs and pay off the bank...  

it is a mortgage, but in reverse.. the interest is added to the loan each month.. so instead of his mortgage balance going down, it increases every year.. it will all depend on what the original number the back put on the house at the time of the loan, and how long he's been in this program.