You have not given any reason why the complex is cash only. Generally in situations like this the market conditions have nothing to do with the ability to finance. There is or has been some sort of building defect and/or litigation. Chances are that all deals in this complex in this complex have been and will continue to be cash only deal. I personally don’t understand why anyone would want to tie up a large chunk of cash when financing is so cheap but to each his own. If you can cash flow with a nice cash on cash return then go for it if it works for you. However understand that the liquidity of that cash tied up in the condo is very limited.
