Every element needs to be replaced or have major work performed at some point in it's life.

You lose the ability to sell units individually, but you gain control over the variables that actually drive long-term value: rents, expenses, and capital improvements.

In fact, by law, and stated within their By-Laws, their Number One "Job" is to "Maintain, Protect, and Preserve ALL Common Elements of the Project". 

It really does depend on timing of being put in service, that bonus it qualifies for (if any) and the life cycle of the elements that can be advanced. 

When any of those elements are vague, speed turns into pressure.

Interest is the only element of the monthly payment that would be deductible if the property is in service (ready and available for rent)- or added to the basis of the property if it's before that point.

This deal contains four hidden elements that, depending on whether you are aware of them before closing, could either save you thousands of dollars or cost you thousands.

If you don't know where or how to look for signs of water intrusion; pests; safety issues such as faulty or illegal wiring; type and age of plumbing system and components, doors, windows, siding materials and roof systems and other systems or elements then you have no choice but to pay for someone else's knowledge.

A site visit is listed as one quality element among 13 — not a legal requirement.The ATG defines quality as accuracy and documentation: proper asset classification, legal rationale, and cost reconciliation.

Relationship building is probably one of the key elements that doesn’t get talked about enough.