Late fees also are not allowed until after 30 days of non-payment and then I believe you are only allowed to assess for a $50 fee which I believe is one-time and not daily. 

I went in on a virtually no-risk, low-buy in deal with him....literally making gas money every month for 6 years, haha....but it's valuable going through the whole process with the assessing the note, going through the title company, considering the legalities, going through all the paperwork.

Also, in addition to annual fees, you will have to look at special assessments to repair the facility along the way.

So at least it's being addressed and that's a good sign.BUT -- my question is whether or not the HOA will levy an assessment on the condo owners in the community to pay for the cost make the sewer lateral compliant.

The types are legal lots, mapped lots and assessment or tax parcels. 

Simply assess every house the same way. 1st you assess what it is.

A late fee will be assessed after the 5th.”

That number is person specific as everybody has different risk assessments, different financial situations, etc.If I was to purchase a 50 unit apartment building and two rental houses, I would use one entity for the apartment and one for both of the homes.

Stating I will have the greatest advantage due to my property taxes remaining low, based on the last recorded assessed value from 2010.

I feel that this data would be great to have as a flipper in order to 1) assess if the flip deal is good (it is sufficiently old/un-kept) and 2) not have to take a look into every property in person (for out of state flippers).Thanks!