This Section shall not preclude amending this Restated Declaration during the term of its existence.”Also, in the section 752b of california condominium bill, there is a clause that reads:“Where several persons own condominiums, as defined in section 783 of the Civil Code, in a condominium project, as defined in section 1350 of the Civil Code, an action may be brought by one or more of such persons for partition thereof by sale of the entire project, as if the owners of all of the condominiums in such project -were tenants-in-common in the entire project in the same proportion as their interests in the common areas, provided, however, that a partition shall be made only upon the showing that … the project has been in existence in excess of 50 years, that it is obsolete and uneconomic, and that condominium owners holding in aggregate more than a 50 per cent interest in the common areas are opposed to repair or restoration of the project”Thank you in advance!

(Not accounting for everything, just using very loose math to illustrate my point.)

Do you have any grading issues in which excess water may be running towards the foundation?

@Michelle GarciaI am going through the same situation in Houston market.Once a ppty comes on MLS it is not a deal anymore ,doesnt matter the amount of repairs it needs it will have a ton of offers on it and it will sell for above asking price ( so ridiculous that the purchase doesnot make any sense with rehab) .Wholesalers are promoting bidding wars .They get a deal under contract and there is no First come First serve anymore .They schedule an open showing on a fixed date and you get at least 20-30 investors showing up and it becomes a bidding war.I am currently getting to a point of marketing for my deals myself or wait it out till it becomes the buyers market.Personally i will donot know what to pick.Marketing for deals is expensive (i have tried i when i started out) but waiting for the market to flip into a buyers market is even expensive because of the rate at which money is loosing purchasing power .Confused alltogether.

It's not an exact science but an honest, fair Landlord can usually figure out what is ordinary and what is excessive.

Those banks have more loose lending standards and might be more willing to bend rules a little bit.

Unless you are getting AT LEAST 20% down and charging in excess of 8% interest.

If you own the practice that is operating out of that location and the property, it can be an active investment and you can use the excess depreciation available with cost segregation against your income from the practice as well.

Also I would caution you about timing the market, it may look obvious to you that you don't want to loose money in the short term, but how would you feel if in 5 years the cost of that unit goes up significantly?

I have paid a few water liens in excess of 5k (I did know that before I bought).