You might find that there are restrictions you can't live with like prohibitions on parking a camper, boat or commercial vehicle - and even the colors you can paint your doors or shutters.Be sure to ask whether there are any pending lawsuits against the condo association or any special assessments in existence now or anticipated in the future.You shou;d also request a certificate of good standing from the condo association, meaning that the seller doesn't have any outstanding fines or fees. 

Originally posted by @Dave Foster:@Ash Leigh, Although it's not strictly forbidden to purchase property from a related party the IRS is very skittish about it and the charge of shifting basis and step transaction is all too common. 

Originally posted by @Daren H.

Originally posted by @Michael Gustavo:I recommend Grifaldo Properties, I know the owner personally and they take their business seriously and do great work. 

Purchase price: $40,000 Cash invested: $25,000 Sale price: $95,000 I originally purchased this home as a rental.

I'm sure there are some buyers who are so picky they would pass on a nicely remodeled home because of the heating system, just not sure how many of those types of buyers exist

Originally posted by @Matt Friede:Thanks @David Hanor!

Hey BP,My name is Michael Minton, I'm originally from Durham NC and currently living here in Clarksville TN.

Originally posted by @Thomas S.

Originally posted by @Bruce May:@Tim Gordon glad that I was part of the success for this deal by doing a quick loan for your buyer.