But, not much on best practices for starting an association up.

Many of the books and kits are practically new.

Good thing this is just a practice scenario!

I got home , checked the citys GIS map online and found out 1 is owned by a place called MLQ Investments LP, out of deleware. the only info I could find on them was a bunch of lawsuits against them for unfair collection practices.

Non-compliance comes at a dear price; loss of freedom (jail time), liquidity (fines) and rights to practice business.

Using it as anything other than that is bad practice IMO.

Is this common practice for title companies in general?

This morning I've already been on the phone, talking to a broker who has another multiunit listing in the same city and basically just trying to get more information about the market.As far as not having any brains, I actually think that I'm relatively intelligent (I went to a top tier eastern college, have a law degree and have been working in private practice doing high end estate planning and probate for 8 years) and going about this in a fairly reasonable way.

(My short term goal is to con MikeOH into doing a full brain dump which I can then upload into my higher level cortex.)I learned a lot of what I know about tech (the practical knowledge anyway) from online discussion lists and forums.

I will say I learned several things through the process:Assignment of contracts and simultaneous closings, two ways to tie up a property and sell or assign to an investor, without my own money, protecting my interest and not getting circumvented.There are hard money lenders out there willing to work with you at not so unreasonable rates.You have got to move quick on getting your offers written up and submitted with all the other documents you need.