But is there a proper way to protect against such events?

I am not with Keller Williams but I sponsor a lot of events and agent training's they do at the offices local to me.

Hi @Christopher Gomez, Reading Rich Dad Poor Dad was one of the events that changed my perspective on life as well.

Keep learning and start networking, I've been to a some events out in Orange County and it's amazing being around like minded people!

Posted on the BP networking events

Here is the link for the meetingshttps://www.meetup.com/Phoenix-Real-Estate-Meetup-Wealth-Investor-Network-WIN/events/gfftnmywfbmb/

Can anyone give me information relating to when there will be a meet-up or an event as I would like to attend and get to know the investing community a little better?

It is theoretically possible that a super majority of unit owners could purposefully force a large portion of owners into assessment default, decrease the market for their condo when they wants to sell and have no flexibility in the event that they can no longer afford to live in the association (think 2008).  

I guess what I am trying to say is....hypothetically, in the event that I chose to back out of the agreement as a buyer, is there a certain template that I would use to formally notify the Seller? 

I should confess that i didn't like that house, but i had to buy it to settle.I have even spent 25k on it for rehab, but still didn't like the building nor the neighborhood.Fast forward, i have broken up with my gf and haven't used the house for years, or event visited it.last summer, i thought of selling it, and i was surprised that i could easily sell it at 127k with 27k net profit.Why Am I sharing this now?