[Calc Review] Help me analyze this deal
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Neighbor very active in Property Auctions and just got this deal. He always partners up on deals with people(basically buys the property at auction for them(does all the research on the property) then gets ~20% stake in it) but this time his partner was unable to come up with the money so he will lose his deposit if he does not pony up the remainder.
What are your thoughts on this deal considering it is a condo/loft. HoA appear to be $200/mo and I am looking to flip it.