generally the older the properties the higher the fees due to the cost of maintenance rising property taxes etc Fees also increase over the years but they should be matched to a well kept property as @Nick Britton said read over all the condo docs and especially the budget paying attention to reserves,expenses etc .I have lived in the Palm Springs area for a number of years and have see condi fees as high as $1000 per month on some of the older properties.If you a re looking at a investment in this area it has a host of problems as you noticed,rising fees is a big one.

It would be more like what if he stops working and you need to evict him as a result?

HML outside of a retirement account results in ordinary income.

“It is extremely important for everyone involved in the seller finance industry, from the small business owner to the potential homeowner whose only path to homeownership is through seller financing, that we all join together to make a concerted effort to achieve regulatory relief from the burdens, a lot of them as a result of unintended consequences, from Dodd-Frank and CFPB legislation.

I just joined this site over the weekend as a result from a friend's "word of mouth".I have been in the business over 15 years, and always interested in checking out sites that people find credible.So far, I am pretty impressed by BP.  

This will make it easier, perhaps cheaper and to get better results from working with your legal and accounting professionals.

I would try to keep the two separate so that a bad result at one didn't bring down the whole enterprise.I would also be inclined to bargain the 700k price down considerably.

They're a tool -- it depends on what you're doing and what you want the result to be.In the Seattle area, Clint Coons @ Anderson Advisors is knowledgeable.

you can also look into the NACA purchase program you can get a home with No down payment, no closing cost, and no fees They will make you jump through hoops for this but the end result is well worth it 

@Dean HulsingA question I ask myself in a situation such as your find yourself: Is this building in an area where investing 50K will truly produce the results you forecast?