Even if the city/county will allow you to do that (I am sure there is a cost associated to it), you need to check with your mortgage lender if they will allow you to hold onto the mortgage and what needs to be done to appease them.

Are there any special assessments planned, or obvious deferred maintenance in the association that will result in a special assessment?  

Without exception profitability of each transaction has been slashed because of the ramifications of Dodd-Frank and its associated Consumer Finance Protection Board.  

I have studied real estate for a long time, which helped give me a head start.

I have always just figured the costs and income in my head and left plenty of room for error.

Ps: @Wayne Brooks, my oldest step daughter is headed home from West Palm Beach today!  

Right off the top of my head ... 

In 5 years and multiple gut-renovated 3 and 4 family properties in the same neighborhoods I can tell you that the various costs associated are basically identical property-to-property. 

I don't know if "you can" however it is certainly possible and I've done this many, many times.What's difficult is getting the lender or loan servicer to recognize your association with the account.

Three people associated with the house get a total of $20,000    3.