For condos, make sure you know that condo fees are subject to increase and not all condos are well run. 

@Ashley Abramson this should be (or should have been) included in the original partnership agreement with other unforeseen items like death of a partner, divorce etc. if it is not outlined int the original operating agreement, then you should contact an attorney.

After reading the beginners guides, type in any keywords and start reading.Try to stay laser focused on one subject at a time.

The appraisal seems so subjective to what mood the appraiser is in when they do they appraisal. 

Thanks for an exceptional post on the subject, Chris.

I feel like this is a subject to deal.

Also you should know that they aren't townhouses, but condos, and subject to a Regime which means there could be a dreaded "special assessment" in the future.

Best of luck to all of you :) I love how you outlined your thought process!! 

The new lease should be subject to the inspection.  

Kier,Thank you for the information you provided recently regarding equitable interest.Guidance the Department received from the Virginia Office of the Attorney General indicated that equitable ownership exists if there are no further terms or options to be met or exercised by the individual attempting to acquire the subject property within the contract.