Recently i stumbled upon an apartment, however, was told that the developer is no longer there. My agent said there is no problem, just takes longer time to process. Bank advised me not to buy due to many issues. Now, I am no property expert, I need some of the sifu's advices.

What are the risks? I am buying it for rental purpose, so, not flipping in the short term. Of course, if price is right, no harm selling.

1) it doesn't have CF. But, there are already ppl living, and transaction going on. What is the purpose of CF? I knew it stands for Cert. of Fitness, right?
2) how long does it take to transact?
3) is it harder to get loan from bank?

What are the things that I am not aware of?

PS: I think properties market is really hot, cause several of the props that I wanted to buy, were sold before I can even look at the actual units! Recession? what recession?

OK, found out from the agent that it has CF, but not individual title. Diff agent diff saying.

Lets say have CF, then is it still very high risk?

From what I learned from the owner which I talked to a few days ago, you are responsible for it, if it is inside your house. Outside, the JMB will take care.

Thank you for the input. Will think carefully.