Appellate Court Rules That Under Certain Circumstances a Buyer of a Foreclosed Condominium Unit May Be Responsible for All Unpaid Assessments Owed by the Previous OwnerPursuant to the ICPA, a purchaser of a foreclosed condominium unit is responsible for paying assessments beginning the first day of the month following the foreclosure sale.1 Unless changed by Senate Bill 2664, a condominium association’s ability to collect from a new owner any unpaid assessments owed by the previous owner is capped at six months.2 However, there is now an exception.

House looks to be in great shape but have to assume its neglected. 

Is family or someone paying above market for the house or a special circumstance. 

You've got the gain from your condo sale that carried over in the 1031 but that will be offset in large part by the capital improvements and loss on the sale of the townhouse.Either way you will have depreciation recapture so don't neglect that.

I never intended to prospect for listings or parade around buyers from house to house but will when the circumstances are right.

Many good agents do not work with people who work with multiple agents (excluding special circumstances).  

IT BECOMES A SNOWBALL ...unless of course there were extenuating circumstances... a death, illness, etc.

Pomp and circumstance is key....

@Kelly Niddrie I am sorry to hear about your child and son.I understand you want to make a lot of money quickly investing in real estate, and I cannot blame your need given your unfortunate circumstance.

If you don't need the cash, paying down the principle on your primary gives you a 4.15% return, the money is still available, depending on how much of a HELOC you want in proportion to the equity you may have some up front costs the HELOC including an appraisal, sometimes some of this is negotiable with the bank depending on circumstances and relationship.