I went up to the apartment to discuss it with her and she was at work, with two supposedly relatives of hers that I had never met and their rather large dog up in the apartment.

In my lease, the tenant is supposed to pay for any repairs that were needed because of his negligence.

(jk)Question: Let's suppose I do the hard work of finding one person desperate to sell their property.  

I realized that I needed to focus on learning everything I could about the business and understand how it was "supposed" to work from start to finish. 

we have drainage problem which affects the sewer and my garage. we had the sewage problem fixed which was suppose to fix he driveay drainage problem too but still the water from the common area driveway still floods my garage.when i say common area this is the driveway everyone has to use to enter and exit the condo. i am in a duplex condo.  

There are exceptions to the penalties.Here is the literature describing the exceptions to the 10% penalty from the IRS website.http://www.irs.gov/taxtopics/tc557.htmlTo explain a little further...So I suppose it is possible to withdraw money for your own house which would free up cash flow were you use it as a down payment if you don't already have it. 

Supposedly banks won't loan to condos/co-ops if there are too many renters living there and not enough owners so I have heard of condo's having waiting list for people wanting to rent out their apartments when there were too many investors in the building.

These are townhouse style and usually rent for $1,600 + tenants paying utilities, so the nicer they look the better I suppose.

Supposedly there is a federal law to prevent this but not sure if the lenders get around it. "12 USC § 1701J–3 - PREEMPTION OF DUE-ON-SALE PROHIBITIONS" "(5)a transfer to a relative resulting from the death of a borrower;"I would hate to go through the probate process to change title and have them call it.  

I suppose it could be possible, maybe, to structure your business in such a way as to facilitate this.