As a Mortgagee you don't control the property, so a borrower who might over capitalize an investment may also stick to an unrealistic sale price which prolongs the sale which can eventually cause delinquency and default.  

With 20/20 hindsight regulators and plaintiff's attorneys paint targets on these individuals through rescission rights or other legal techniques-They train sponsors to source money through other active investors which inevitably leads to squabbling and a loss of control.  

It is MUCH easier to find a great deal, and learn the business hands on in your local market, where you can cut out many of the middle men and maintain control over your investments.

Hopefully they provide a lot of services for that amount, including physical repairs of common areas.It does not appear that Reserve Planning is among those services, since an 8% Reserve seems pretty low.Is the Declarant still in control?  

Once, we got over our control issue, it was a no brainer to trade up, so to speak.

Are you willing to give up control?

A lot of people say it can be done, but there are lot of things that get in the way that you cannot control.

@Skip ReathWith 11 units you control almost 1/3 of the votes, correct?

That is, "the state" controls when the vouchers are sent out, and the counties have no local control over it.  

I'll just say its more than enough to pay an annual salary. 99% of that work is damage control.