That's the only way you're going to get eyes on the property and get an accurate assessment.

You are subject to special assessments and increase in dues with no real say in the matter.

Excited to follow your progress!

Perhaps there is more information that we need to assess?

So you do want to weigh that against a potential tax re-assessment etc.

Long story short he knows me very well since I was a kid and has been seeing my progress in life, business and career.

So our options are: 1) Buy the place now, deal with the problem tenant, know we're losing at least 3-4 months of rent, and risk the unit being trashed by the time we can get into it, 2) Have the contract run until after the court date, let the current owner deal with the eviction, assess the condition of the unit and adjust price accordingly, and risk interest rates being higher when we finally lock in our mortgage rate, or 3) Walk away.I've already budgeted in some money for the lost rent and for renovating the unit after the tenant is out, but it still seems like an awful lot to deal with and a lot of uncertainties.

Hello BP community, this is my first (of hopefully many) postsI'm starting out my RE investing journey and hoping to lock-in a 4-10 unit MF property as a first milestone. I'm looking for help double checking my work o...

I intend on purchasing the land, re-zoning to R-3A (in-progress) and amending the subdivision plat to turn the lots providing both proper frontage.

If the plan is out of date, seriously inadequate, or clearly underfunded, you can anticipate a Special Assessment or dramatic increase in monthly fees at some point in your future.