The trailers and tenants have also been a bit of an issue - the seller has now put 8k in escrow that says they are responsible for the removal of the trailers by the end of the 90 days (60 days of which we will be the owners as we close early next month) or we get the money.

After reading your response, I was thinking would it be a good idea for me to contact flippers instead of wholesalers.

I appreciate the response and you have a very valid point about the business partnership and making sure that we have everything ironed out and in writing before delving into this process. 

If you're financing, then the COA fee and the mortgage will wipe out a lot of your cash flow.The upside is that the association is responsible for the exterior of the building.

But you would have to put responsibilities of each of you on the paper, preferably with the help of a lawer.

Here are some of my proforma numbers: I don't know what's accepted in your market, but where I am all tenants are responsible for their own landscaping.

With a little over 2 weeks left in June, I am not getting any responses from him.

Thank you for the response Scott!

We put a 5 unit property under contract, did our inspection and requested the wire instructions.

@Alan Rohrer, thank you for your response.