Thank you everyoneA few things to remember about Rentometer:1) The average and median prices they report also usually include a margin of error.

Obviously, I have concerns about the margin of debt they have, especially since a large portion is unsecured debt.

If I were you I would hold on to the condo until you can sell it for more and meet your goal of paying off your primary.It sounds like you aren’t in desperate need of the $ now and are basically breaking even - those margins should keep getting better each year as you raise rent and let tenants continue to pay off the loan for you.

I would essentially be renting it at cost, with an extremely small to non existent profit margin especially since whatever money I would make after mortgage and HOA was paid, would have to be rolled into an emergency fund for the condo in case and when something will inevitably need to be fixed.

I'm aware that HOA's along with surprise assessments can kill margins and not all complexes allow non owner occupancies, but with all that in mind, I want to hear a little bit about markets these type of apartment complexes are thriving in.Keywords: Fresno, Sacramento, Arizona, New Mexico, Texas, Las Vegas, FloridaThank you in advance for the feedback!

You’d apply your marginal tax rate to the $5k (say 30%), so you would owe $1500 in taxes.

Expanding our business through hiring doesn't make financial sense with the risk of capital for very small profit margins. 

The most important thing is to build in a margin of safety, which is very hard in today's environment.

If there is a steady appreciation as planned, then I can sell for a solid profit margin after some appreciation and chipping away at the principle with my option payments.

Variable rate is based on The Wall Street Journal Prime Rate plus/minus a margin, adjusted quarterly.