Also, during the redemption period, the money spent on repairs needs to be for items that are necessary and payable by the redeemer if redemption occurs.

But I would really like to get feedback on any relevant points from those of you with experience in working with other investors and raising private money (e.g. action/awareness items for a newbie).Also (and this may sound strange) but how do I make money in this?

Make sure the condo has enough in reserves to not need a special assessment for items like new roof, siding, parking lot repair, pool house, etc.  

Not all credit models are the same.  

HomeAway are doing away with their different subscription model and going to have one subscription rate ($3??) 

This is based off a sold model match comp. at $1,785,000 and another contingent property that went into escrow at $1,795,000, neither of these have the views or substantial upgrades.

-half of a duplex if the other side is owner occupiedLinks to the proposed bills are below.http://www.capitol.state.tx.us/tlodocs/84R/billtex...http://www.capitol.state.tx.us/tlodocs/84R/billtex...http://www.capitol.state.tx.us/Search/DocViewer.as...Personally, I'm thankful that the state is creating a framework for the operation and expansion of the vacation rental model. 

I've looked at a few properties listed on MLS, but they don't make sense give my budget/ constraints and model. 

Show the combined repair costs for items to be replaced or updated along with the contractor's cost with your cash offer amount. 

So does it need windows, doors, siding, an enclosed carport to garage, drive way, updated kitchen or bath, basement fixed, roof fixed, Any repairs and costs if you ask me should be itemized.