As a going concern I believe those assessments would be interited under California law.

I guess the seller's attorney thought it wouldn't hurt to ask me...I agree re: being concerned about the HOA's lack of responsiveness.

Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meetSet up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsRead Beginner’s Guide: http://www.biggerpockets.com/real-estate-investingCheck out BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast/If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box.

So, the best rates are usually with shorter balloon periods like 5 or 10 years.When the balloon period is coming due, you just reset the balloon period for another period term or refinance with another lender.the only thing you have to be concerned with would be early payment penalties if you try to refinance too early.

I signed up as a pro member of BP, joined a webinar by @Brandon Turner, analyzed a potential deal, have been listening to 1 podcast per day for 6 days a week, have been reading BP articles, started reading BP's The Ultimate Beginner’s Guide to Real Estate Investing and Building Wealth One House at a Time, bought 4 BP books, created my BP profile, talked with a California real estate agent, talked with an Indiana real estate agent in referral, talked with a friend who's a real estate investor, asked friends for real estate agent referrals (even out of state like Nevada, Chicago and Tennessee), etc.Bottom line is I'm super pumped about real estate investing :) Just in case anyone is curious, I'm looking for a team of mentors, real estate markets outside of California markets, real estate agents, mortgage brokers/loan officers, real estate attorneys, property managers, contractors, insurance agents and handymen.

Basically, instead of testing every outlet and door handle, he is inspecting the larger and more concerning items, i.e. electrical, plumbing, HVAC, roof, drainage, attic space, foundation, crawl space/basement, etc.PM me if you want his info.

I’m a 20 yr old living in Detroit,Mi, a beginner wholesalers whose actively marketing to find a deal.

If you qualify anyway, you would probably be better off just getting conventional loan in your own name.Another concern is that co-borrowing with an LLC could be the equivalent of co-mingling funds, so you run the risk of making the LLC useless anyway. 

The more though I heard people’s concerns about becoming a real estate agent I quickly let the doubt set in about coming and am still in my current job in new construction as an estimator and purchaser.

@Megan Greathouse If I'm being honest, and this may be blasphemy on BP, but Frank Gallinelli's book is the best for beginner to intermediate REI.