Actually, they seem outrageous - but that's only in proportion to the size of the loan.

In addition to that, the Palm Springs / Palm Desert area seems to have a much larger proportion of condos than most other areas.So - I'm still thinking about it.

I had a file folder (a real one) that I put all receipts in so it was easy for me when I got a computer (back in '95) to make an Excel file for each property and category.I'm an ultra-conservative (financially) guy so I always was concerned about taking no too much, and too high a proportion of debt.

If you got a loan using the IRA and the loan is non-recourse, it is possible to write off that proportion of expenses and depreciation of the property on your tax return.

::Math End::3) Terms are usually between 9-12mths4) Interest Rates are usually between 9-16% and depend on the overall asset and related risk assessment5) Points usually range between 2-6% and again depend on the overall asset and related risk assessment6) Attorney to prepare related lending documents (Note, Mortgage, etc.)7) All properties should be Non-Owner Occupied only8) Your documents should contain verbiage related to extensions, defaults, escrows and so forth9) On a rehab project, you typically want to have an Escrow Account for the rehab funds which are released in proportion to the work completed which is verified through Draw Inspections.

The conditions of the loan will greatly affect your COC and cashflow which are INVERSELY proportional as you adjust the down payment.Things to consider.

I was shocked at all the amenities within something so compact.

Once you get over that $120k line, rents just don't increase proportionally to the price.

Now that something can be anything, but the help you get will be proportional to the value you are offering.  

Just keep in mind when your investing out of state returns are directly proportional to RISK.AS Elizabeth states she only invests in A type properties for a much smaller return or what return that is quoted on paper..