No income doc and no papers to sign.

From reading the recorded doc it is means "it's not moving"... correct?

If you plan to do your own lease, be sure to familiarize yourself with Massachusetts Landlord/Tenant laws.http://www.mass.gov/ago/docs/consumer/landlordtena...

To the board it will look like they are all paying more so that you can cash out, even though the property should be properly insured.Hopefully there is a clause in the HOA docs that you can use against them.

I think you would at least have to charge the seller the commission that you offer through the MLS, and handle that work.The problem with putting FSBO's in the MLS is that by the time the seller pays 500 bucks, a selling broker commission, legal assistance, doc prep, signs, a lockbox, ect...

The most information you will get is usually after you have a signed contract and request the condo docs containing the latest information from the association, however I recommend getting property manager information and calling in advance of a contract to ask key questions about financial stability, budget, upcoming capital expenditures in addition to closely scrutinizing your projected cashflow to ensure that you can still cashflow 5-10 years out with an acceptable to you cashflow with a modest rise of the condo fees. i.e. so if condo fees are 160, what would your cashflow look like if they were 200?

Water supply can generally be tested with compressed air so that leaking water does  not cause any damage.

You must be very careful that you can still achieve 6 inches of exposed foundation  regardless of the slop of the lot to ensure proper drainage, otherwise you will end up with a leak and a wet house. 

Then there's the leaking this or that.  

After the recent weather we had in Massachussetts I had a small leak in one of the apartments in my multi-family.