Conventional simply means eligible to sell to the GSE (Government Sponsored Entities) or Fannie Mae and Freddie Mac.

It seems that we are getting closer and closer to either eliminating or drastically reducing government intervention in the market for financing for housing:Housing regulator wants Congress to shrink Fannie Mae, Freddie MacA gradual draw down seems like a logical solution to me.

Ed Lee Since when did our government ever get anything right the last several decades!!!!!

Last I heard certain parts of Texas had sever water shortfalls.When that happens I have seen government and cities put moratoriums on any new projects or development or adding onto existing development because current resources are tapped out.Also if the sewer system is at capacity they will not let you tap into it.Development might be booming but there will be a time for certain asset classes where you can hit over saturation.You don't want to be the one falling down when the musical chairs stop.

I, personally, think he's out there drumming up interest in the bulk sale program the government just announced.

I guess this is good for you if you are a buy and holder, you agree to the holding terms of the government (as if I need to have more terms demanded of me by government!)

You also have governing docs (CCRs) that dictate what can and can't be done with the property in addition to paying HOA fees and possible special assessments.

In the end, this issue will come down to how the property is titled and what the legal instrument governing the partnership says.

If you have individual meters for each unit, the board may have made the change to individual responsibility without updating the governing docs.

Three Times The Market Rent Guaranteed, And Monthly Checks Mailed Directly To You From Government Agencies For The Rest of Your Life Without Section 8 Learn to make HUGE cash flows from rental property by getting up to 3 (yes THREE) Times the Market Rent - Guaranteed and - Mailed to You Each Month - Without Section 8, without bounced checks, - without repair and maintenance problems, - without rent control, - without vacancies, - without high marketing/advertising costs, - and without tenant phone calls and all other the typical management hassles.