Realtor cheat sheet for evaluating condo warrantability before writing an offer. Question one: Is the building professionally managed? Good answer names the management company; red-flag answer is "self-managed" or "I'm not sure." Question two: What percentage of budget goes to reserves? Good answer is "15% or higher" or "we follow our reserve study"; red-flag answer is "I think 10%" or "I'd have to check." Question three: Are there unfunded capital projects? Good answer is "no, everything in the next three years is reserved for"; red-flag answer is "the roof needs replacing" or "not sure." Question four: Are there pending special assessments? Good answer is "no" with documentation; red-flag answer is "there's discussion of one." Question five: Are insurance and reserves current? Good answer names the date last reviewed; red-flag answer is "I'd have to ask the board." The most useful single question to ask the listing side is "Are there any known upcoming capital projects that aren't fully funded?"