Meeting With Developer

Hello, I am meeting with the sponsor of a building tomorrow I am considering buying in. It is a small (about 8 units) building, and I am considering buying a 1BR or perhaps large studio as an investment. It it located in a (very) quickly gentrifying section of the outer boroughs. You can read some background about it here: ... [more]

Hello, I am meeting with the sponsor of a building tomorrow I am considering buying in. It is a small (about 8 units) building, and I am considering buying a 1BR or perhaps large studio as an investment. It it located in a (very) quickly gentrifying section of the outer boroughs. You can read some background about it here: http://streeteasy.com/talk/discussion/38427-new-construction-direct-sale-how I have now walked through the site, spoken with the project manager, and spoken many times on the phone with the developer (who also owns the construction company who is building the building), and I have some simple pricing on the units as well as common charges, and also an approximate completion date (before Christmas). He has done several similar new constructions in the past (can't find much on them via Google -- perhaps a good thing?). But now is our first meeting face to face. I plan to see (and he knows this) floor plans, as well as an offering plan (hopefully), whatever stage it's in. I so far have a bunch of questions to ask him, relating to taxes, abatements (there is one in effect here), how many units will be sold, transfer taxes, condo board organization, current litigation, financing, to name a few. BUT-- what am I missing? What things should I definitely (from him -- not my attorney or engineer) find out before leaving his office? Thanks for any advice. [less]