In my Co-op (111 units, 85% owner occupied and 10 corporation owned renters being phased out), we tend to encourage first time home buyers. We allow 10% down. We look more at home ownership costs as a percent of income. This also allows for unit transfers even in a down market. Our finances are in great shape therefore we don't need to assess for capital improvements. Therefore we don't necessarily need the extra financial cushion other than the emergency assessment coverage on home owners' policies which we require. We only have two units in legal for back payment for maintenance: one is a chronic un-occupied unit for a person who formerly needed city occupancy and the other involves a reverse mortgage. My opinion is while protecting the remaining shareholders – don’t also be a roadblock either.