I wouldn't change anything because I know where I have been pointed me in the direction of where I am going, and the view is beautiful. 

Us institutional guys can charge the going rate plus ~$1500 in fees because we know there's another chunk of change coming our way on the back end.

OR does that rate change based on the "Lender's then current underwriting requirements?"

Johannes,If you have to make changes to the Association, I know of an couple of Attorneys in CT that have handled formation of these small (2-3) unit condos. 

The mortgage including the property taxes and insurance is approximately $1250 now but it's 30/5ARM so the rate will change in six months. 

But also take into consideration things you can't change like street quality, proximity to power lines, creeks, busy roads, etc. and lot placement.

The market will change and we have to be ready to go when it does. 

Hello All, I have been off this board for a while, i been out of investing for a little over 2 years for various reasons (career changes, and divorce) and i feel like i am in a good place financially to invest again, so i wanted to get some opinions.4 years ago i got out of the Military and became a Realtor, i worked as a Realtor for a while, but i never really made decent money and worked my butt off, i barely managed 25k/yr, so i decided to make a change to my life and went back to school and now i am a Registered Nurse after going through a fast track education program.

Until an 'investor' reaches critical mass (escape velocity) in number of units turning enough profit that even the occasional catastrophe won't  change their life style, it's got to be keep your head in the game and all hands on deck.It's all fun until it's not.  

From reading about the Indy market, it seems like the market changes from neighborhood to neighborhood, so being very cautious here.