., and possibly auto liability.  

Salt air rusts out all mechanical devices like ac units before their time.  

The list should be shorter on a flipped property but many flippers pay attention to cosmetics but not mechanicals.

With condos there's generally less for the investor to worry about in terms of large unexpected expenses since the HOA handles most a lot of the CapEx and some of the operating expenses like roof, common areas, mechanicals not in your unit, landscaping, snow removal, some utilities, etc.

As someone pointed out with the pink house or mechanic opening shop in the middle of the neighborhood. 

Unfortunately ran into multiple plumbing and mechanical issues throughout the year which really dragged down cash flow and potential profits.

The property was recently gutted with all new mechanicals, so I am not anticipating a ton of repairs or maintenance. 

The property needs a complete rehab, all interior cosmetics + mechanicals.

As u mentioned, I agree, being already set up for with ductwork and mechanicals, a traditional split is going to be this owners best bet.

Back taxes, judicial foreclosure, POA/HOA, mechanic's lien, or something else...First, laws vary GREATLY by state.You need to understand the basis of the suit allowing the foreclosure.