. - I don't know a lot about Condo Conversions however if shared meter, can just wrap that into monthly Condo Fees Hope this helps! 

Real estate investment is parking money as equity for appreciation, tax benefit and hopefully cash flow and inflation hedges. 

But due to the above factors- we're still in a hot and heavy seller's market, with no real relief in sight for buyers (add to that, with the new Burnett / National of Realtors settlement, they will be squeezed even further, having to also potentially shell out their Buyer's agent fees, which, traditionally, have been added into the seller's listing price before listing to provide to the Buyer's agent).

Lucy,  I would need to know the numbers to say, and whether this is a cash deal or mortgaged.I had looked at College Station myself, but concluded that it does not pencil out.I own a SF house in an upscale area of McAllen, TX and a quadplex nearby.So far, TX has been my worst market - property taxes just ruin the cash-flow.  

I would like the tax benefits of the entity and want the business to run professionally and legally.

I am also concerned that at that point new HOA might have to raise the fees significantly or charge lumpsum to the condo owners based on something that might come up.

A lawsuit was filed by the city for delinquent property taxes.

I’m willing to split the wholesale fee 50/50 if you can help me through this process and explain what steps need to come next. 

Property taxes and insurance. 

At the time of purchase my taxes were just about 10k and now my taxes have increased to 14k.