I guess just hang in there and continue to buy smart.

Okay - I'll spell it out:Adverse posession is a method of acquiring the title to someone else's property by occupying the property against the rightful owner's rights.According to Wikipedia , "Adverse possession requires the actual, visible, hostile, notorious, exclusive, and continuous possession of the property, and some jurisdictions further require the possession to be made under a claim of title or a claim of right."

Continue your education.

Sounds like you are going to continue to profit and be a profitable acquaintance.

*******But this is the kicker, and i need some real advice on this:apparently there was a revision to the association bylaws and they no longer let any owners rent out their units if they purchased on 6/2005 or later. everyone else before that date is grandfathered in so they can continue renting.NOBODY told me about this. not my relator, or my attorney. i even asked my realtor about rents in the beginning because i wanted to make sure it wasn't a co-op and the seller's attorney said renting is fine.so you can expect how shocked i am when i went into the office today to receive my new homeowner's welcome kit and she mentioned the new resolution to disallow any renting of units. she said my realtor and/or my attorney should have made me aware of this.i feel like i got majorly screwed. what am i going to do with a 2BR/2BA living by myself?

Asking $2,300,000 72 units - 1 bedroom/1 bath - 700 Square Feet - $460 monthly rent8.3 Cap Rate - great for area98% occupancy rate - due to low rents for area49% expense to income ratioFishers, Indiana• Upside Potential due to below market rents and continuation of utility sub metering• Attractive, low maintenance, all-brick exterior• Located in the VERY desirable Redevelopment area.

We are excited about this milestone and look forward to breaking new ones as time goes on.Thank you for all of your wonderful support and please continue to share our site with your friends, colleagues, and family.Sincerely,

There are many more horror stories from international preconstruction investors just like here in the United States in all areas of real estate, who thought they found “the diamond in the rough” and invested their money, only to discover that one of the five situations listed above had occurred.

I can't wait to continue reading.

:mrgreen: I want to turn this small amount of money into much much more. 18k of course isn't enough to do a lot with, but if I'm set on this I can secure more private funds through relatives.I've discovered a few ways that investors acquire properties for so cheap.