Thank you 

Thank you to anyone who has any input !

For example Washington DC limits building height which is dumb.

I would also ask for the inspection checklist so you can ensure your place will pass inspection. 

For instance, foreign real estate depreciation is generally spread over 40 years, which differs from the faster schedules used in the U.S., and the ability to offset W-2 income may have limitations due to the passive activity loss rules.

They told me to collect the fee up front which obviously I cannot do.

Thank you!

Let me demonstrate why you should not rely on this approach.Suppose you want to compare two properties.Property A:Rent: $1,800/MoPrice: $300,000Taxes: $2,000/YrInsurance: $1,500/YrAssoc Fee: $250/MoProperty B:Rent: $1,600/MoPrice: $300,000Taxes: $800/YrInsurance: $600/YrAssoc Fee: $35/MoCalculating the rent price ratio for both propertiesProperty A: $1,800 x 12 / $300,000 = 7.2%Property B: $1,600 x 12 / $300,000 = 6.4%So, Property A is the better property!

Do you need a cash out or just a rate and term refi? 

Having a good agent that has a proven track record with Condotels is going to be very important for you and should be able to help with many of these questions.