No evictions, no searching for new tenants, no CAPEX, no building inspectors breathing down your neck, no Fair Housing "testers" or lawsuits, no clogged toilet calls at 2 AM, none of the infamous "3 Ts" (toilets, termites and tenants), etc.The trade-off is that you don't own the building and therefore don't have the appreciation in the real estate value. 

Although, be aware that in MOST cases, the PMI still applies for the first couple of years.....and at least until you have 20% equity.And yes, the lower the mortgage payment and longer the terms (30 years) the more breathing room you'll have as a landlord and potential for cash flow.

All of these units are owned by investors, so the cost of entry is typically cash or 20%, so everyone was holding their breathe waiting to see if something would bend.

At what point do you actually breathe and enjoy your results?

Getting out of one is relatively inexpensive if things do improve drastically - don't hold your breath!

The Cliffs is breath taking!!!!

I would suggest making sure the soffits are breathing, the insulation is not blown into the soffits, and that you have ample exhaust.

Sounds like you are wanting to live and breathe real estate – and that's awesome.

Fast forward till now I'm a Banker who understands the market and eats, sleeps, and breaths real-estate.

Take a deep breath and realize you are ready, and if you can afford it monthly you will someday be a millionaire.  4.