Could you go ahead and do the appraisal with the lender and get a loan commitment even without a firm contract?

They will also want to manage the property for you on an ongoing basis, so this provides a strong incentive for them to oversee the rehab of that property, in a manner that is satisfactory to you, using either their in-house crew or another contractor.

However you will need to show strong comps to support your 215K ARV.

I dont have a strong understanding on "delinquent condo fees" and how that plays a factor in investing in a condo.

congratulations Jennifer Handlin for committing to being there.

I have a 19-unit apartment complex that needs strong management in Martin County Florida (Indiantown).

Yes I would be conscious of potential dangers of committing to purchase but I'm not looking to do rent to own just tie this up for later if it doesn't work out I'll walk away but I think I can get a good price on this with a lease purchase and not forgo using FHA or VA in the future.

Banks are rightfully suspicious of appraised values, especially in a still downward-trending market where foreclosures are running strong, and particularly when huge amounts of equity appear to have been created out of thin air on a deal.

I'm so covered up in work at my JOB, I'm kinda glad I only have one rental right now.Good luck to all and lets hope this year keeps on strong!

If you really think there might be something here, pay a title company to do a title search and give you a title insurance commitment.