These questions go together, because, based on your post, it appears you have little to no experience and thus no experience to even begin to know if this is a good deal. 3.

It appears to me that the futures are fairly efficient, reflecting all available information, but not perfectly so - allowing opportunities for arbitrage.I personally would not bet against housing prices rising further.

Appearance: a property looks like a "C" class from the outside and based on age but some units have really good interiors and the property is deemed "B" by the sponsor.Expenses: does it cost less or more to run an "A" class property than a "C" class? 

This appears to be unconstitutional I can’t believe they can even pass a law like this anywhere in the USA.All help is appreciated.

Roofs leak, problems within the walls, other things you didn't see until you starting tearing things apart appear. 

It looked fun, they made lots of money, and on tv it "appeared" to be so easy.

Things appear to be on schedule.

It does not appear to have a hoa in place but if they do your agent should have the proposed projections for the hoa part Or are you buying into a coop ? 

The previous owner doesn't appear to be very involved so I'm trying to understand what my next steps should be.     

It appears it may have been foreclosed years ago and the bank still owns it and is not doing anything with it.