Even if the inside of the units have been updated, how many other headaches do you typically see?

The joists in my house are 4' apart so you typical wood you'd pick up today would never span that distance but older wood can.

They typically go together stocks go up RE goes us.

Typically the HOA owns the common areas -- the land, the land improvements, the exterior of buildings, the roof, the patios, etc -- and the homeowners own the interior only (i.e.

@Lekisha Cole earnest money is typically deposited after an agreement is signed.

Typically lenders give the best rates to borrowers in the 700+ range.

We're looking for a 5 bed, 3.5 bath home and seeing price drops of around $20k on homes between $425k and $550k.If you're looking for deals, there are plenty of foreclosures available as well if you plan to occupy the property, but I'm not seeing a lot of good "deals" for flipping.I don't know how familiar you are with Boca Raton and Southern Florida, but typically the lower priced properties require club equity membership of up to $70k up front and monthly HOA's can be as high as $800 plus the monthly membership dues of anywhere from $1200 to $2100 per month depending on the club.

The local bank typically offers a 5-year fix either with a 15 year or 20-year amortization or 15-year fix with a 15-year amortization. 

Some aspects of the unit are nice, we have a lot of nice finishes and amenities to try and keep it a middle tier rental, but it still has a drop ceiling with tiles and flourescent lighting, short ceiling height, the bathroom is a bit small and cramped, typical small windows, the soundproofing is there but isn't perfect.

The units are in typical rental condition (Maybe slightly rougher).