The book on Rental Property Investing is also a great way to start as an audio or physical book.  

. - Do you know how often lenders typically exercise the right to lower the limit?

You don't have to get a job in the physics field to get your income up in the short term.

I would collect a non-refundable option deposit from them up front, create a cash flow every month and if the tenant/buyer exercised their option down the road got paid again. 

(Like all liquidation options, they do have the ability to throw up a gate if too many people exercise it at once ).

The purchase price goes up 10% each year they do not exercise their option for a max of 5 years. 

Hydro Physics(253) 627-5O33

Regular exercise and training are necessary.

Property is in good physical condition but there have been some expensive repairs and all the utilities seem high to me.

It could be either a coop or a condo - in a coop you own shares in the buildings corporation that entitle you to occupy a specific unit, in a condo you own the physical space. they'll have either maintenance fees or HOA fees as an additional expense, and these can go up whenever the board voted on them.