The prior link says "Owners of condominiums and town homes that are leased to five or more tenants must obtain a City permit in order to be in good standing with the ordinance.

This is rare for Asia, where in many countries properties can only be obtained on a long-term lease, or sometimes bought freehold as condos if the condominium complex is 51% owned by locals.Bank financing is available to foreigners, another atypical option for the region.

I would guess that HOA fees will go back down a little bit for a little while once all the shadow inventory eventually clears out, and the complexes fill back up with owners who are paying their dues.

I saw the pics, I already own 3 in the complex and it was a no-lose situation.

Mike H. also the area I am looking at building this 4plex is a newer development that does have some multi-family complexes in the vicinity along with a new Middle School to open in 2014 and a sports complex all within 1.5 miles from the location.

Is just that I have been doing my own tax for years(was less complex), and I like to not only know how things work, pehaps why they work the way they do...i would like to give it a shot at least one

This can also be due to many reasons both simple and complex.

If it's anything like the small town theatres in my part of Oklahoma it would need a lot of work to be transformed to an apartment complex and that's only if there aren't zoning restrictions.

Let's look at it this way, in a large apartment complex, that have maintenance crews, there is the option of a repair person going over and doing the work with or without the tenant there.

If it is a 1099 and I don't have to do monthly tax payment like you would with and employee that is less complex.