My understanding of a limited common element would be one that is shared by the HOA and one or more owners - but not ALL owners.

replace roof as part of a package deal with rest of remodel (if not then hold off - as long as it is safe)rent out one of the unitsLet's say that all of the work would cost $300k. 

Matthew, the most important element is controlling the contract and keeping the ability to show the space to prospective tenants during that time.

As far as I can tell the only way we'll be able to sell these units to homeowners is by providing a pre-packaged loan solution to them with a portfolio lender/private lender who is not subject to the Fannie Mae restrictions.

I used it since 2002 when I switched from Quicken, and prior to that several other software packages.

I guess it depends on if you like being a landlord at that level.. if so and you can hire folks to work for you and you don't have to deal with tenants at the street level.. then its fairly obvious answer in todays market you cant match those returns.. only thing that exceeds those returns is what we do in new construction with leverage where the returns are significantly higher than yours.. but you need those returns way up there to mitigate risk and of course tax's owed on inventory as its sold.those are tough packages to sell if you sell as a package you will no doubt take a pretty big hit on price as opposed to selling them off individually..  1031 for your larger units works of course.. but if you cant replace with something as good you just answered your own question.. but good job building that portfolio you are what I would say 90% of BP folks aspire to do and be..

With this, you can even "Save as a PDF" and it results in a sheet that you can print out to present as proof of an ARV or as part of your marketing package if you're a wholesaler.

As an added bonus, the kid in me loves opening the packaging and being mesmerized watching them expand lolAs for the couch, only get a pull out queen size sleeper sofa. 

I was trying to rent it as a package deal with the granny flat since that it is on top of the workspace. perfect for someone who wants to separate work and life. sleep relax upstairs, work/be creative downstairs.

I am not selling BP, but it is always here, the REIA meets once a month and then the guru comes in on Saturday and the REIA makes money off the "packages" purchased.