What other expenses would I incur that would differ from SFR or multi-family investing that are unique to condos?

The repayment terms are the lesser of 1) the amount due or 2) 95% of fair market value.

Santa Cruz has a unique noise ordinance in that police do not have to provide a warning before writing a hefty fine for a noise complaint.

2) Even the lenders who have pre-approved me and agreed to carry this through the loan process have told me that due to the unique features of this property there is no guarantee that an acceptable appraisal can be obtained to substantiate the loan.

A loan made to a flipper who has sold 50 homes who repays the loans within one year is clearly a commercial loan.

Should I be hesitant about these types of houses and the lack of uniqueness, also pending that the contractor does good work and everything is where it should be.

Have a great time, I'm sure it will be an interesting and unique experience.

Not true in all areas of Albany, each neighborhood is unique.

There is a unique class of renter right now, a group of former homeowners who lost their homes to foreclosure or short sale during the past 4-5 years.

No social means no credit hit so no motivation to repay you.