@Amy Hu if I understand correctly, the apartment buildings are taking 10 months so far for completion?

I would imagine any delay/extension was reviewed and approved by all parties, correct?

You just have to know what to look for, and how to run your vacation rental correctly.

However I want to verify that is correct. 

If the Master policy is insured correctly then this should satisfy your lender, however, if the association has chosen to cut corners and is not fullying ensuring the property/building then your lender might require you to purchase flood insurance to balance the requirements of the loan.

Also, is the listing posted in the MLS and marketed correctly?  

@Harjeet Bhatti Thank you for your comment. so as a lender, you would approve, and begin underwriting a loan for a perspective buyer on a property still within the 90 days of purchase by the seller, so long as the closing date is beyond the 90 day window... is that correct? 

You can do this with ZERO money if your realtor and lender structure this correctly for you. 

I think people here are  falling victim to recency bias. 2008 is fresh on the mind so everyone is thinking we are “due” for this wonderful correction and the deals will be everywhere. 

Do you expect a correction or a fall like in 2008 any time soon?