Here is a blog where I wrote about a recent 42 unit we bought and did creative things to add value. https://www.biggerpockets.com/renewsblog/bought-multi-million-dollar-apartment-complex-age-26/Just a few ways to produce ancillary income:- Laundry Coin laundryDetergent/laundry essentials in a vending machine in the common area laundry rooms.Rent individual W/D to each unit-Parking Garage parkingCovered parkingprime spot parkingJust plain old charge for parking-Renovations Interior units upgradesCommon area renovationExterior upgrades for curb appeal-Vending machines In common areas such as exercise room, pool house, laundry or leasing office-Trash pick up service In high-end buildings they have a service where you can set trash outside your door and for a fee maintenance will go around each night and collect it so the resident doesn't have to carry it to the dumpster.

We can usually financially break even if they leave it in good shape and we hustle to find a new tenant.

I spent a great portion of my life in school and as such lost out on a lot of financial/investment opportunities since I was in school or in low paying jobs in order to gain experience.  

@Ulises Rodriguez your friends lender is requiring it to assess the financial and status of the HOA that the condo is in.

I'm an 18 year old beginner day trader, thought I'd give real estate a try as well on my journey to financial independence.

There are various reasons the project may not qualify for financing:  owner occupancy percentage, one individual owns more than 10% of the units, the community is involved in some sort of litigation (usually construction defect), or the HOA finances are bad (underfunded reserves).  

Obviously, there are a number of factors such as which financial institution you're dealing with, your details, and the property that change these loan factors around.

., neglected to pay the individuals who " either, found the buyer, "Brokered" the deal, or both.

companies/individuals who do this and what are the pitfalls that i should avoid to check if they are not scamming.

I am a former accountant/financial analyst and current stay-at-home mom.