I am contemplating buying a 2000 sq. ft. 2 bedroom condo in Florida for around $475,000. Terms are as follows: 10% down, 10% in 6 mo. (to be held by Chicago Title Co.) and the balance when the roof goes on. Completion date tentatively set for end of '05. A buddy of mine bought one 9 months ago for $575,000 (different development) and he says he can now get $850,000. He says I SHOULD be able to make $200,000 on this current project and be able to sell before the roof goes on (thus before the final payment is due). However, re-selling is not even allowed until ALL units are sold by the developer. Anyone have any experience flipping condos? This new project does not allow non-owner rentals, and I have no plans to move there so it would be strictly to re-sell. Thanks for any advise, Jerry.