I have also known lots of condo projects to not have had a special assessment in over 20 yrs.Condos prices are also more depressed in price right now than SFR's or units b/c of the financing issues associated with them.

Maybe somebody that specializes in these products?

The best I have found is private money with tough terms: 50% down, 5-7 year terms and am schedules, 9-12% interest.

Now, let's say that the average house of comparable size in that neighborhood, in decent condition but nothing special, is going for around $125k.

But, if you feel inflation is around the corner, it's tough to keep reserves in 100% cash.If I could place cash in an interest bearing account I probably wouldn't be holding a percentage in silver.

I've noticed the job market has been tough with 5-6 tenants losing job/laid off in the last 1.5 months.

It's a speciality trade and is not very interchangeable with drywall repair tradesmen.Best of luck and be sure to post any details and quotes you receive on this post.

You can certainly call it a "boys club," but the members aren't all boys -- they are just those investors who take the time and effort to build relationships.So, yes, it can be tough for the average Joe to find great deals...but with a little work, there's no reason you need to be an average Joe...

Well tough, pay up or walk.

I live very close to Tom Wilson who specializes in a similar business model but I like the property management you have set up at your business.