Focus on what is empowering and associate with people who see opportunity and growth in everything.

Months Supply of Inventory was down 54.5 percent to 1.0 months, indicating that demand increased relative to supply.As temperatures drop, existing home sales continue to be plentiful, buoyed by strong demand, low interest rates, and a slight uptick in new listings in recent months, according to the National Association of REALTORS®.

Problem is, our condo association has no reserves so our realtor told us that we pretty much have to sell to an all cash buyer or an investor because banks won’t finance a condo with little-to-no reserves.

Can anyone give me the 101 on condo association management (vs apartments)?

The fees are pretty high imo for such a small association only about 70 properties. 

What is the most economical way to get rid of the pool and what sort of costs are associated with this?

Have you checked out your local RE association?

I’m looping in a friend and associate @Dave Foster to help you understand the Dos and Don’ts when exploring a 1031 and the guidelines.

I know starting out we will both be working full time careers, and likely be 2+ hours away from the location ourselves but also understand the costs associated with hiring a property management company.

Assuming you occupy one of the units, the costs associated with your unit are not expensed or depreciated at all…they simply raise your cost basis for gain calculations when you sell.