My first deal was almost identical to this and it paid itself off last year.

It just depends on what the buy price is relative to market value and how long it would take you to find an identical property like that.No legal advice given. 

Below are the assumptions of the study:-Initial investment in all 3 scenarios is the same ($25,950 which is my total investment for my first property-Market investment return is 8% annually (I got this number from a financial planner)-Property appreciation was ignored, income and expenses remain the same, and all income from rental property is saved w/ no interest (so VERY conservative)-End date is 2056 (so 43 years) Scenario #1: Market Investment - Initial investment in 2014, no additional contributions are madeScenario #2 -One Investment Property - I just buy one property, save all rental income in a savings account with 0% interestScenario #3 - 10 Investment Properties - First property cash flows $14,129.40 per year, every 2 years cash flow from property 1 is used to purchase another identical property (same purchase price, cashflow, etc.), this is repeated every 2 years until 10 properties are aqcuiredResults:Scenario #1 ending value - $710,164Scenario #2 ending value - $920,444.04 (savings + equity)Scenario #3 ending value - $6,427,168 (savings + equity)These values were quite shocking to me and the people I have shown it too!

But if the owner somehow (knowingly or unknowingly) agreed to accept the existing liens, then the $35k HOA lien might stand.From the numbers you gave above, I don't see how it would work as a rental - you're at $768/mo in expenses before any debt service, and looking to rent for around 800...you'd be lucky to break even.As a flip, the good news is condos are very easy to get comps on, since the units tend to be almost identical.

Laws in other states are most likely not identical to yours so take the advice with a grain of salt. 

Kleisch is currently an Engineering Technician at VP Buildings in Evansville WI.He also holds a Culinary Arts Degree and has much experience working with people to overcome challenges and solve problems.Mr.

Those are sub-markets.I can tell you about areas where there's a $50k swing between houses 1/2 block apart...with nearly identical floor plans, finishes, and condition...simply because they feed different elementary schools.  

It is the first thing that anybody will notice when he approaches the home and it is additionally an impression of your identity.

It's nearly identical to what you see using a realtor.

My name is Casimiro, and my story is identical to yours.