But, it's no secret and our contracts specifically address the assessments being paid off by the seller.

Right now I'm 20 years old, starting a side business in property management;and I have my first multifamily under contract a 24 unit building.

How long -- Time on the market and price (reduction) are close cousins -Price softens as time moves on and motivation and reality is realizedEverything will sell at a price -The first thing I'd want to do is get the history of the property - how long on the market, why is it vacant - what's the reason for selling - is it listed - look at listingWhat is the mortgage balance - is it current or in the arrears - What other liens or obligations are on the propertyHow many owners - decision makersWhat is the commission - will agent splitAre they open to a reasonable and creative offersDo they want any profit or to just get it out of their nameCan down payment be paid over time -How much paper with they accept - delayed payments - principal mortgageWho is the decision makerHow fast do they want to settleEverything is negotiable - CONTROL IS KING - learn how to control real estate - it is a short cut to cash flow - it is the best way I know of assigning properties.Who controls real estate - An agent with a listing agreement (treat them well - they are in control for a period of time)An accepted option agreementA buyer with an accepted contract of sale with contingencies

What legal actions can we pursue?

I was wondering if anyone had a contract template they wouldn't mind lending me for wholesaling in AZ.

Learned a lot about foreclosures and legal entities to protect assets.

I am looking for more info on rules and legality as well, to ensure I am doing things right. 

Always remember to do the math analysis on prospective properties and try to look at them or at least before you make an offer or at least have a clause in the sales contract that allows you the inspection time (about 15 days) that is detailed and allows you to possibly back out of the deal without a penalty that will hurt you too much.

So in Florida @Tyrone Evans you hold a Real Estate License... a Sales Associate License. also your not called a real estate "agent" (unless you have entered into that disclosed legal relationship).

Bigger Pockets world,My strategy on my currently property I'm getting under contract tomorrow is to assign the contract to a buyer.