Water main is out, or worse, bad water, you may have folks pull out on you.Community emergencies, gas main blow up, rail road derails, mandatory evacuations, while these things usually only last days, it can change opinions of some tenants to leave.Then, if your building does get cleared for an issue, will you have new occupancy inspections?

I browsed over a few downtown water front condo from the picture at Queen Anne neighborhood.  

Nice job Brian.re: Once you have an RMLO lined up to handle the applications and origination and have nailed your terms...market away.Thanks for the kind words, Hattie, and I love your posts btw, but as far as marketing on Craigslist or in print for Owner Financing buyers,  I would caution you not describing the exact terms of any owner financing and have something vague, like"Owner will finance either owner carry or lease to own, there is some qualifying, please contact NAME RMLO # PH#" for an application or link to a 1003 app like thishttps://www.dropbox.com/s/xd2qn5djkf6z15v/Mortgage...To act in the capacity as marketing for a financing arrangement without proper licensing can get you in FEDERAL hot water.

I also stressed to the broker my major concern was regarding the plumbing and I received no disclosure of any deficiency, past or present from the seller.As it turns out, it was discovered last week,mjust before I planned to close, that the seller had indeed made some major repairs to the plumbing, including sewer and fresh water lines connecting the chiller and boiler.

It was in the crawl space and once we cut a hole in the floor we discovered it was under water.

Brian's efforts are targeted to invoke interest in particular strategies he uses, when he gets those types of leads he can the identify the strategy to use and lead the prospect to the water. 

Water in now pouring into the kitchen below when the shower is used.  

Does it include water and garbage?

When values have reached a level as low as you're describing, it will likely continue in that direction (down) until an investor buys most or all the condos and repositions the property.Sorry for the cold water on this deal.  

We talking 246 GT Dino Ferrari, 1939 Packard, 68 Pontiac Firebird or 1970 AMC Gremlin= owner carry, 1st position, 2nds, under water Vs. equity, performing Vs. default seniors, purchasing partials.