The association is responsible for the actions of any tenant they place, as well as the rent, security, utilities, etc.  

Initially you need to get a copy of the current Rent Roll, delinquency report, and Security Deposit status; (request estoppel certificates if you move forward with an offer) year end financial statement for 2025; terms of each Rental Agreement; who pays which utils (and LL cost); what is the Tenant parking situation; who owns the major appliances; when was it built; is there know asbestos containing material or lead based paint; has plumbing or electrical had any significant upgrades; has main sewer line been scoped within the last year; have there been any leaks, anywhere in the building in the past 5 years; size (btu) and type of water heater(s); size and type of AC unit(s); is there a common laundry area or individual hookups in each unit; is there a wired fire alarm system; is there a fire sprinkler system; is there a security camera system; how old is the roof; how old is the exterior paint (siding and/or trim); who performs groundskeeping and at what current annual cost; how is regular and large or bulky item trash removal handled, and at who's cost; is there any pest control provided, and at what cost;  is there a "system" of keys for the building (type, master keyed or not, controlled access via programmed prox readers), and a few more that escape me at the moment.Be sure you understand the legal boundaries that the Selling Agent is bound to.

S Corp allows you to pay yourself a reasonable salary that is treated like W2 income where you pay your half of social security and Medicare and the business pays the other half.

Always secure access before agreeing to sell2.

First Priority for us is getting the property secure.

Make whatever assessment you can prior to closing; notify all Tenants of termination of current Rental Agreements at the earliest per local law; initiate eviction if they holdover per local law; well secure each unit as it is vacated.

Lately, there have been more and more tenants that go online to buy an emotional-support dog certificate to avoid paying pet security deposit.

She has paid upfront for 2 months plus I have taken a $2K refundable security deposit.

or any secured products that lend higher?

The more turnkey the package looks, the easier the approval.Spec financing is real — but it rewards operators who treat it like a business, not a one-off project.— Rodney | Turnkey Builder-Developer | SWFL