Since you’re assuming this debt as part of the purchase, understanding the exact amount is critical.

The tenant understands that the property of the Tenant is not insured by the landlord for damage or loss of any kind (action of third party, fire, water, theft, vandalism, storm, heat or cold, electrical damage, pests, mold, accident, etc.), and the Landlord assumes no liability for such loss.

Sometimes lenders will go with a solid estimate based in reality as well.Otherwise, @John Underwood has the best idea.

Hi Lenders, currently in the market for a cash flow management tool to help organize payoffs and broker commissions to get a better understanding of how many more loans I can fund on a given month.

They actually have a pulse on what's going on and also have solid connections that could be useful on your journey. 

Having a difficult time understanding the in's and out's of SELLING a property to a son/daughter. 

If passive income is key, renting the condo or reinvesting in a property portfolio could be solid options.

I figured this would be a solid way of getting started. 

@Sam Ojo The $900K of equity isn't relevant without understanding the value of the real estate.

Its comical how few people understand how luck in a particular economic cycle plays into their successes.