@Jake DrappiDon’t forget that there is a third party now, and that third party isn’t as much a “person” but an institution.

.- Most condos on Myrtle Beach are considered condotels which means not all financial institutions can provide financing.

I say "private lenders" because while they require less documentation than institutional lenders. 

. #2 Location - Fayetteville is next to Fort Bragg - one of the largest military institutes in the US.

I recommend checking for a local chapter of Community Association Institute, as they will have great resources, and no shortage of classes/seminars to learn about topics such as budget and reserves, which EVERY Owner should learn about, and every Board member should be REQUIRED to learn about.

We've since moved on to institutional landlords now managing big buildings.

Cleveland, OH. ) a great read isThe Empty House Next Door: Understanding and Reducing Vacancy and Hypervacancy in the United States by Lincoln Institute of Land Policy.

I don't understand how this suggestion complies with this clause:"All security deposits received after October 1, 1979 must be held in an account of a bank or other financial institution under terms that place the security deposit beyond the claim of creditors of the landlord or any other entity or person, including a foreclosing mortgagee or trustee in bankruptcy, and that provide for transfer of the security deposit to a subsequent owner of the dwelling unit or to the tenant in accordance with section ..."

all these need to be answered before adopting a strategy or strategies

I think that REITS are an excellent institutional investment vehicle.