Try to get to the bottom of why they're selling, what's their pain/motivation, and how can you help them solve that problem.

So when a problem or failure comes my way, I'm fist bumping myself because I know that it's just the growing pains of progress. 

I always wanted to rent my home and set up new income streams, so we did it, and after one year of pain things got better.  

Really, what it comes down to, is I know there is a pain point in this market and I want to help fix it.  

@Mitchell Benson @J Scott@Wayne Brooks   Mitchell  complete and utter PIPE DREAMunless this developer has 25% cash equity on the 2.5 mil PLUS your small equity in the land there is no way he can get this financed.. and as others have stated with this limited experience I highly doubt he can pull this off without a major infusion of capital to the tune of 500k plus... in addition to your lot.the LAST thing you want to do is JV or subordinate in this situation.. your interest is far to small.

It happened to me when I was in college and it's painful.

@Jerryll NoordenMost agents who are not investors or understand the investment world can be a pain in the *** to deal with.

Credit in the US is a complete pain in the butt.

However if you miss the payment window, it's a painful hit; 15-22% for most credit cards.

They can be a pain to deal with, but also save you money if any major repairs come along.Theoretically, anything behind the walls, like plumbing, should be the association's responsibility.