You probably want to be named as an additional insured on his insurance policy.  

Make sure to ask and read through all condo docs and 2 years of meeting minutes so you're aware of current and forthcoming policy.  

But you get fairly reasonable people if you offer a clean painted place with newer appliances.Roseville was pretty easy to deal with, normal safety stuff for inspection.

Not as punishment, but as a safety precaution!

Your broker will be able to tell you their policy on commissions.

Flipping is a business, whereas lending and holding rentals are not, and would not have exposure to UBIT.The 401k loan is an emergency safety valve, or a means to tap a little capital to grow a business you may operate personally when other forms of credit may not be available.  

If it was rezoned, chances are they man tell you no and how they were simply waiting for your old house to be sold off and or to become delapitated enough to where they could successfully through Heath and safety laws, force it to be demolished. 

The "perceived" savings are rarely worth the aggravation, and many times they do an incomplete title search, with a title policy that Exempts (section B) unrecorded, but findable liens.

@Steve Vaughan  your a student of the STeven Vaughan scorched earth policy.. .good job understanding that you NEED some MONEY to make Money in real estate.you may want to get a money partner...

I am a broker too; I have abundant capital but have the hardest time finding deals that fit my policy portfolio.