I called national lenders to try and get a traditional 30 year mortgage but was told that, due to federal regulations on fees relative to amount of loan, they couldn't offer a 30 year mortgage less than about 100K and only 15 year mortgages between 50-100K.  

It is like $20-25 at the door and something like $120-130 for an annual membership so if you go to more than a few meetings it pays for itself like that pretty fast.You also get National REIA benefits like discounts and rebate programs at Home Depot, Sherwin Williams and lots of other things.  

Recently it sold, price unknown.Rent-o-meter estimates $638 – $837 If I were to buy & hold this property I would make it section 8 ready.Tax assessor says it sold for $143 in 2002 then $192,750 in 2004 to the current owners.Record Deeds Info / aka Red Flags:'05 Well Fargo Mortgage 207k'05 Mortgage Discharge Mers Inc (3x)06 Lien Municipal (City) 2.6k due06 Wells Fargo Mortgage 228k till 11/203606 Wells Fargo 207k Released08 US Bank National Assignment'11 Intent to Foreclose (03/25/11 Auction Cancelled)'11 228k US Bank National Citigroup Mortgage Loan(Common sense is telling me they refi-ed about 30k a year after buying & I'm thinking in 3 years they couldn't have paid their mortgage down from 228 to 44k) but my real estate knowledge is limited.

It's so easy to settle in to a corporate job and feel safe with the perceived security. 

You aren't even building in paying the lease yet or utilities to keep the lights on etc.Average median income on LoopNet shows 62,000 median income which is just slightly above the national average so not an ultra great location.

Another test of this is to see what the condo corporation's insurance policy will cover and what your condo contents insurance policy will cover. 

Hello BP nation!

If I get them under contract, are there a lot of buyers, who I could assign my LO contract to, on the market place, who would buy nationally, or would that be a waste?

Pretty easy to pick up some turnkey rentals and hand them to a management company while you're working corporate.  

I can assure you now seller is going to ask if you are a S-Corp or LLC etc.They just want to look at options and you are the problem solver.