I need to know what things to look for in a property that can lead to a gold mine and what warning signs I should watch out for.I look forward to joining the community and meeting all of you here on Bigger Pockets.

Be warned, you will be hooked!

Perhaps you would need tell them straight up in a stern polite way that letter is a farce.

Secondly, I agree that they do not always have to take that long, my post was just to warn others to expect that could happen and allow for that time in the calculations for holding costs.

As a landlord, it's just wise to regularly inspect the properties and warn tenants of lease violations.

it's just a different market. we used to have a 450 sq ft studio apt co-op in chelsea that we could sublet for $2100 a month easy when we were out of town, which sounds great until you know the maint was 1k.all that aside I take your warning to heart. and yes my plans would include $15,000 for reserves.Jon will be relieved to know we missed the bullet on this one and our offer was turned down, they are going to get over 700k and not look back.

Neil Jenman is an Australian ex-realtor who makes his living training agents and warning against "spruikers" as well as running a general public education campaign on how to buy and sell your home.He's highly entertaining and his filing cabinet must be full of legal threats that have been filed against him.Who else is there doing this kind of thing?

If its like a typical arrangement, though, there were tons of warnings in the operating agreement for the company, or in the investment documents that give him plenty of wiggle room.

Anyone with real experience is a welcome addition to the discussions.Do check the Terms of Service and other warnings so you know the rules when it comes to advertising.Otherwise enjoy the BP site and the community of investors who are present.

As I have stated before, I think conods should be left to those who are expereinced investors of which, have a market that can sustain positive cash flow after accounting for the additional HOA expense, and those who can afford to hold for the long term.Most of the anti-condo comments come as warnings to newbies trying to get their first deal done and they try condos first because of lower acquisition costs, unfortunately, they do not have a full understanding of the investment and that is the reason they end up taking it in the shorts.