This also means that as a shareholder and sublessee, they own only the furniture and personal property within the unit, but all real property is property of the co-op AND ALL REPAIRS AND MAINTENANCE of the INTERIOR OF EACH is the responsibility of the co-op / HOA.  

How can I find out whether the roof will last until then and not cause any damage to the interior?

My question is how much does it cost to build a house if I do the contracting and do all the interior work besides drywall.

This project is essentially a complete gut that will include addition of roughly 700 SQF, new roof, siding, landscaping, privacy fence, hardwood flooring installation, interior re-design into an open concept floor plan, upgraded kitchen with granite counters, new cabinets, stainless steel appliances, etc.

They won't know all the interior looks or paint or anything. 

Hello, I am gutting the interior of an investment down to the studs.

This may be a long post, but I thought it would be good to walk through everything step-by-step, and explain my thinking along the way.If you want to stick with me through it all, here we go:I was not going to be getting a conventional mortgage for my first property for a number of reasons.First, I am still annoyed at the hoops I had to jump through to get a mortgage for my primary residence.Second, my liquid cash was on the lower end.Third, the properties that I would need to start out with would not be financeable anyway.Fourth, my DTI is on the high side, due to the decision that we made to take out a HELOC to complete interior improvements on my primary house.So, I decided that my path was going to be to form a single member LLC, and take a loan from my 401(k) at work to finance the down payment.Since I do not view the 401(k) loan as a long-term solution, I am treating like hard money, and pay it off ASAP.So, my first deal would be a flip, or a rental that was such a good deal, that I could re-fi out and pull all my cash out.I decided to reach out to the commercial lending department of the local credit union, which I am a member.The person I talked to (who became my lender) is fantastic.I told him what types of properties I was looking for, and that I’d look to turn them into rentals, or to flip them.I will never forget his response, which reminded me why I love this credit union.He said:“Typically, the deals you are talking about are much smaller than the deals we like to do.However, we also realize that you can not get to that level unless someone helps you get there.So, if the numbers make sense, we will see if any of our products fit.”Awesome!

I did prepare the contract (contingent upon interior inspection, but partner approval is good too) and I have my own buyers/partners!

I haven't decided on what I plan on doing with it but either way it'll need pretty hefty interior remodeling and minor exterior fix ups.

I haven't decided on what I plan on doing with it but either way it'll need pretty hefty interior remodeling and minor exterior fix ups.