I suspected the same problem but I can't figure out a way to fix it.

Figure about 3% of county appraisal (full price appraisals) for ppty taxes, so about $6K/year for taxes.IMO B/E after $20K down means that you are completely disregarding the opportunity cost of that $20K.

Figure out what you want your goals to be with investing in both the short and long term.

Talk to your bank about a home equity loanto get a ball park figure.

Also, make sure to hire an inspector to look at the property to figure out what is required.

I figured we'd open discussion on this company if there is interest.

I figure eventually the corrupt board of the Condo Association will either quit or get replaced, and eventually new owners will overtake old owners in %.

I have been reading the forums here for a few days, and I figured I'd sign up for an account.

If you are planning on selling the property you should consider the return on investment of making an additional $99,000 ($3,000 x 33 units) investment in your property.In a traditional marketplace, you figure the value of the property like this.Property Value = NOI / Cap RateYou can also figure the increase in value the same wayProperty Value Increase = Increase in NOI / Cap RateI don't know what the average cap rate is in your area, so I'll just use 6% as an example.Your increase in NOI = $100 a month per unit * 33 units * 12 months = $39,600So the property value increase would be $39,000 / .06 (6% cap rate) = $660,000Likewise, a 4% cap rate would be a $990,000 push in value and 8% would be $495,000.Note: that's not a guarantee that you will sell it for that much more, it just means that if your property sells like others in your area have been selling, you should be able to get that much more.Back to your return on investment.

I also figured that this could be a great place to meet investors, as I am young and broke at the moment lol.Matt