Flooring in relatively good shape.

Consequently, that space between the wall and bed has a higher level of (relative) humidity.

If tenant brings it up however, I would explain that "after discussing the situation with your attorney, since no one was hurt and there was no property damage, replacing the defective appliance is all that's needed to bring the living space back into compliance with the high standards of safety that you strive for in all your units."

Has anyone tried to establish an HOA in an existing space?

Margin space at the top and bottom, sides, font size = pages to be filed with many standard documents = $$$$$$$ Filing feesWhile it does standardize documents, many attorneys may have charges per page = $$$$$Need a copy of filed documents from the Recorder= $$$$$Fees to be charged are often regulated by statute at the state level and is in some places seen as a taxing issue, so they can manipulate an increase by requiring the number of pages to present a deed or assignment for example.

Pictures show very nice property, hardwood floor, granite in kitchen and stainless steel appliances.6/21/13 - 1520 sq ft, 3/2 listed for 161,200 sold for 170,500 in two months.

the home needs flooring, siding, paint, clean up and anything else that comes up.Thanks!

So, having said that...this one's a bit of a twist, given that it's classified as a Condo, however this space can be utilized as an office facility.

Are there factors that should be considered that aren't so obvious in buying a space?

You can have something built to code but not permitted, while something that's permitted is automatically built to code.In my area, the city requires a permit for any work on a house that exceeds $500 - i.e. it's mainly there to make money for the broke municipality - including paint, tile, flooring, any concrete work, door and window replacement, you name it.