EDUCATE YOURSELF AS MUCH AS POSSIBLE on the laws that govern tax sales and what you are required to do.

Or just fall back on the fine print in the offering memorandums that generally protect the GP and are the detriment of the LP>.

Why do you think purchase contracts are so long and have such small print?

Many Multi-family properties now in debt service trouble as the GPs took out very risky 2-3 yr floating rate or adjustable loans so they could cash flow after buying very expensive 3Cap apartments, which loans have gone from 1.5% to 5% or higher, and knowing that obvious and predictable risk since every primate could see mega-inflation coming in early 2021 due to more money printed in 2 yrs than first 200 yrs of country, They "smartly" took out Rate Cap insurance, (cost 50k for a 12 month policy on 10mil loan to cap variable insurance rise about 1-1.5% above the origination level) but now that US 10yr up 10x from 0.31 in 3/2020 to 4.2%, that same insurance policy is 1.5-2.0 million not 50K, so They can't cover the much higher debt service nor buy new cap insurance without shutting down distributions or capital calls.

Why do you think purchase contracts are so long and have such small print?

Distance makes investing more challenging, as does seasonal occupancy and governments which operate differently and/or are less stable than our own(though our own government has not been a paragon of stability lately.)By investing in the Caribbean, you’re adding those challenges plus you’re throwing in the occasional hurricane.  

Government programs like FHA 203(k) can assist in purchasing and renovating homes, but certain regulations apply.

Yes, they can stop you from replacing any old homes in parks; even "gradfathered" parks if the local government wants no more parks. 

This is a good punch-list that all investors should use, not just new or inexperienced.New Western is a wholesale mill for sure, but they also use licensed agents to complete their transactions, who are governed by state license law. 

Why do you think purchase contracts are so long and have such small print?