There is a lot of misinformation about this phrase and test.A substantive pre-existing is one where you are "intimately aware of one's financial ability to invest."

Other benefit to condos would be the ability to sell some off if you want the cash as opposed to having to sell the whole building to pull out money (much smaller buyer pool for the quasi-commercial sale at a much higher price-point).

If you fail to close and they find out you are a FRAUD AND SCAMMER signing contracts with no ability to close that is the term they will use when they sue you.

But otherwise you've done what you're supposed to and now the tenant is impeding your ability to fix the issue and maintain the property, and they're now also breaking lease.

I work with a CPA that charges me to do my return only even though I ask him questions throughout the year and never receive a bill.

Depending on the outcome of the vacant property, the ability to sell my home could be impacted. 

A bill in Indiana is currently in the Governor's office for signature to do this.

But, through the process, I find that most people find the ability to ask questions freely and learn the ropes A to Z, meets their needs.

So your ability to both understand the process better than anyone else AND to convince other people to go your way, agree to allow you to do your project, or support your project with investment, is of paramount importance. 

Wait til they pass a bill to rent control CA. lol.