@Bob Bowling One more thing, I just re-read your posting (repetition is the mother of learning) and noted your comment about the average .8% RTV ratio in Hawaii and San Francisco.Based on the rents posted by @Kawika Burgess, the $1M property renting for $4,200/month should either see rent increases to $8K per month, a value decrease to $500K, or some combination of rent increases and decrease in value.Are you expecting rents in Hawaii to double?  

This is the same as checking your own credit.However, if a renter lets the landlord run the report, this will often register as a “hard” inquiry which decreases the renter’s credit score.

well I think that it would be a marginal decrease of cash overall but I feel confident that it would still be a positive cash flow.

Chances are that if the seller is FSBO you can negotiate with them using the caveat that you have no agent so they should decrease the price accordingly (if they priced in a buyers agent commission).

I unfortunately did exactly what has been told and the condo fee keeps increasing every year and it is starting to worry me a little because of the monthly cash flow decrease.

If anything, I would expect the Cleveland real estate market to decrease in value over 2016.

They do sometimes start with listing prices over BPO recommendations and they tend to decrease them over time to assure they get as much as possible.

Combine that with the fact that monthly payments increased, therefore the price of home that people could afford decreased (if you can afford a $950 a month payment you can afford a $200,000 loan at 4% interest and only a $160,000 loan at 6% interest), and you've got no demand.   

As for vacation homes, demand is down due to a decrease in travelers over the past year, BUT, with Disney rolling out 3 of the company's largest expansions in the next 18 months, there should certainly be a significant increase in demand.

All of this case law could be applied (at the Federal level) in considering what constitutes an unacceptable delinquency rate for loans made on primary residences if the courts agree.Any operator, no matter how small, should be prepared to defend their delinquency rates, and to work smarter and more effectively at decreasing them.