.- The insurance estimate seems low to me...have you verified this yourself, or are you trusting the current owner's pro-forma?

He gets you to sign up for a monthly fee and and an upfront fee of $395.Doesn't sound free to me.

She let me know that her lawyer was going to send a letter to me requesting my insurance company.I put in a claim with my insurance company and after reviewing the facts, they are claiming the incident occured on "common ground" and are also denying any kind of liability.One thing I want to note.

It's Joe Schmo doing me a favor and deeding it back to me or selling it back to me at the end of the day.

This doesn't really make sense to me.

The whole thing seems like a scam to me on so many levels -1 ) The "arrears" are listed as a single line item on the bill with no explanation of how they were derived2 ) We have never ever received a bill for any of the previous years (except for last years fee of $60)3 ) There are no minutes or any information about their policies or decisions on thier website4 ) I googled the "directors" of the homeowners association and they appear to be property investor types rather than local residents5 ) My wife was 13 when she received the land - whatever she signed (almost 30 years ago!!)

Something seems backwards to me unless the 14k is a starting bid...Also congrats on writing an offer!

In addition the report was made available online to me for the next 12 months.All in all it took us about 1.5 hours to go through a duplex...

That is at least what it sounds like to me.

Far more important to me than maximum cash flow is for the property to be "as close to self-managing as possible", as I live in Australia.What I'd really like to do is install on-site management who'll operate the landlording business, so that all the landlording becomes their problem.