The normal path is a construction loan.

Through a wholesaler associate of mine I have the opportunity to acquire a 3 bedroom, 1.5 bath, 1500 sq foot single family home.

These are just individuals giving their experiences and how they do things does not mean they are ethical or legal... just put the shoe on the other foot if you owned a property and you wanted to wholesale it.. and I told you I am going to buy it and you count on me.. and I run title figure out you don't own it... know you probably can't close it.. and I just back out last day then I go right to the owner and buy it cheaper from them.How would you feel about that !

Since the crash we have those new apartment towers in the loop were built as apartments because nobody would touch a condo development with a 10 foot pole

I believe he's likely right about the smoking "damage" as being normal wear and tear.

I definitely intend to go to meetings but am currently healing from a foot injury and getting out is tough.

If he has caused anything you have to pay for beyond a normal turn to get back on the market, I would charg.

Expense ratio will be higher then normal (small facility) unless you do the managing, snow, grass repairs your self.

I am closing on a 3BR, 1BA, 1,000 sq foot home in 4-5 weeks.

The neighborhood is hot and there is great renter and buyer demand, however, no one seems to want to touch this hot mess with a 10 foot pole.I know this is not the only place in the area or country with an inactive condo association.So question: What can you do to make it functional?