For me I don't buy condos as rentals here in FL because the fees just eat you up ($300/month is low where I'm at).

Back in the BC years, before computers and clouds, work was 24/7, eat, sleep, walk and talk RE and at any time almost you can set RE aside to manage anything that pops up, it's what's great about RE, you live a life while the wheels are always turning on the business side.

It'd be better to eat the cost of them hanging on then take the $400 per month "just until they find a new place" if by taking the money you get locked in.I've never heard of a lease "surviving" the sale.

(It could eat you if you don't feed it cash every month).

If the tenant pays good and does not give you many problems I would just eat it.

My phone appears to be eating blocks text.

I can't think of a good reason either, other than she may be thinking she'll sell them for a profit one day, but the cost to fix them up again may eat into her profits.I'm at a loss on that as well.

All these factors can eat into your cash flow and ROI.You as the investor also have to think about what your want in terms of monthly cash flow and how quickly you want to make your initial investment back.

Martin his findings as an examiner, I'm pretty sure compliance types just throw their hands up in the air and say...oh, well, the borrower transferred title, no big deal, let's go eat lunch!

I would also be concern that vacancies and maintenance issues would eat into your profit margin.