This is also commonly messed up.

It is somewhat common that an association may have the right of first refusal, even though it is rarely exercised, but not so common for the other unit owners.

If that is not an option you can start looking at other options like Hard Money Lenders, partnering with other investors, etc.If you haven't yet, start researching prices for common rehab jobs in your area.

I want to grow and expand my knowledge and practical experience in Commercial Real-Estate, and look forward to sharing -helping others to avoid some of the "pitfalls" Ive experienced, as you know there in not a "manual" on how to do this.

I feel bad for you guys, this is a common horror story I hear.

He might be doing it incorrectly I'm sure but it seems to be a common tale.

Bill if you need an student(newbie from florida ),to prove the point i'm here at your service.LOL, thanks, but you can get my feedback my mentioning me here in the forums.That was tactful done CJ, LOL, what most investors really lack is overall RE knowledge, from that with a good understanding of regulatory issues as to what is common in their area they really won't need to "follow" some guru strategy as the all arise out of basic knowledge.I like to point out that the sandwich lease option is based in the oldest concept around, the King granting use in title to Lords who in turn leased the land.

Tabatha L.Those ratios and indicators - along with others - all provide insight, but you need to understand how they all inter-relate and know that many of them (perhaps all) can give you false security ... especially in isolation.For example, we recently looked at a property whose GRM was just over 6, but the operating expense ratio (operating expenses / gross revenue) was over 70% (the annual heating & hot water bill was ~1/3 of the gross revenue).Cash-on-Cash (CoC) return of 35% is all smiles, but not that common in the real world.

Not sure how common that is in WA.

Bill Gulley ,I see a common theme here.