Tenants have an attention span that isn't as long as it took you to read this post.

The survey has been designed to gain better insight into the needs and wants of buyers' in today's market and to give buyers in New York a voice.

Perhaps they want to reduce their cap gains exposure by carrying a second, or perhaps they had enough equity, it was worth the cash flow on the note.

It's not the income tax that worries me so much as the cap gains tax and more than one person thinks it's possible as we had the largest post-election stock sell off in the history of the US.Then again, none of it really worries me.

I'm not going to send a check to a treasurer whose term expired and may not even own a unit anymore, without some idea of where the money is going and how it will be used.The commons areas need attention, but even if I got on the board and straightened things out, I doubt very seriously that I could get a majority agreement from the rest of the owners to make any major expenditures.

He created his cashflow is boring little areas that no one pays attention to and cashflow like a freak...kinda like flyover country.

Matt,I agree with Ryan that starting with a smaller deal to gain experience would be a good idea.In my experience, sellers often grossly distort the truth about the NOI, so you will need to verify that.

It will also depend on what you want to gain from the interaction.

This gives you incredible buying power (all cash offers) right off the bat.I realize it is dissapointing to not be able to pick up a few on your own, but from the partner's viewpoint, he/she is wanting full attention, support, and time spent on your common endeavor.

Looking to buy in a country with no stamp duty, no government tax, no Capital Gains tax, no VAT and no inheritance tax?