I'm concerned about the potential costs associated with selling.

thx experts There are certainly a lot of factors that go into the decision - keep in mind to there are multiple options with no prepayment penalty, so while there will be costs associated with the refinance - a no-prepay-penalty loan to purchase (at low leverage) can make a lot of sense as you can refinance later when rates inevitably come down, but don't have to time/guess when that is

Do you feel your condo association is adequately prepared?

@Christian Busch @Khalid Bryan How do you think the changes to the condo association inspection reporting and reserve requirements are impacting the market?

I'd be very surprised if it says anything preventing him from buying a piece of real estate associated with his wife. 

However, it's important to carefully evaluate the terms and costs associated with refinancing before making a decision.Ultimately, it's important to act quickly and decisively to address this issue before the next payment is due.

@Daniel EhevichI host an online investing group for the local Cincinnati chapter of REIA (Real Estate Investors Association).

@Ray HarrellSellers will owner finance because (1) they will be able to sell for a higher price because they will sell to people who can’t get institutional financing, (2) they think the interest rate they receive on the money they financed, usually 6-10%, is better that the 2% bank accounts are paying (3) they get to spread out the gain on the sale of property over many years and not be bumped into a higher tax bracket immediately, or (4) they can sell the property faster as a buyer doesn’t have to wait 45 days to fulfill institutional lending requirementsBuyers may want owner financing because (1) they save the points and other fees associated with institutional financing (2) they may own the maximum number of properties financed allowable by lending institutions (3) they as full time real property investor may not be able to prove the amount of income necessary to obtain a loan (4) they may not qualify for conventional financing, only hard money, in which case owner financing may be at a much lower interest rate (5) they may have liens, judgements, etc. outstanding that make obtaining outside financing impossible, (6) they may want to close quicker than available with institutional financing.Please let me know if this makes sense

Quote from @Shivani Kumar: The lease is a month to month agreement used from the california apartment association.

I'll actually spend time in the markets that I'm consider and literally just network with other investors and seek out people who are knowledgeable about the market.That said, some of the data sources I like when looking at rental areas:census.govcity-data.comzillow.comzilpy.comLocal chamber of commerce sites - can provide information about business/job/wage growthLocal real estate associations (members of NAR) - can provide information about local housing stats, housing supply, etc.