Unless the condo is relatively new, maintenance issues will inevitably come up.

That makes it hard to determine the condition.time is the other issue.

It's an even bigger issue if you have a mortgage on your primary residence, want to get a HELOC, and want to pick up a second mortgage.

If the tenant is the cause of the issue, they need to correct the problem or leave.

For instance, what if the tenants see a big issue that you cannot immediately service and elect to pay rent over to the court causing you to experience financial strain or even default on your debt obligation?

The main issue I think you are going to have if you move forward with this property is the only insurer that will take a property that has had a recent loss is the (National Flood Insurance Program) NFIP or government program (What is the NFIP?). 

Hi there,ISSUE: A tenant informed me she is responsible for cracking my glass top range and wants to know next steps for getting it repaired.

Also with a tenant that's been there over 4 years and according to the ledgers I looked at was never this late paying rent should I wait a little longer in case it's just an issue with the change of ownership?

I share the challenge many REIs currently face concerning these higher purchase prices that limit our willingness to invest – zero cashflow being a primary issue.  

They do have issues more often than not