Five hundred investors @ $10,000 US each, set up a condominium corp. Twenty units available for fifty weeks per year equates to 1,000 weeks rental availability. Each owner gets one week per year, remaining 500 open weeks rented out to defray operating expenses. What could go wrong?
Originally Posted by sunray
Five hundred investors @ $10,000 US each, set up a condominium corp. Twenty units available for fifty weeks per year equates to 1,000 weeks rental availability. Each owner gets one week per year, remaining 500 open weeks rented out to defray operating expenses. What could go wrong?
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