Well, out of curiosity, I decided to dig a little deeper.

Why not charge $1800 monthly, explaining to the tenant/buyer that $200 of that will be placed in an escrow account and accrued monthly so that when he/she exercises their purchase option, they have a downpayment to show the bank.

you're lucky your code compliance officer is helpful....I called today and the officer would not give me any information or try to help me.she just said to look online (which i already did however sometimes violations aren't uploaded online and it can be accruing the $200 penalty per day!!!!).

Too much payment and the borrower looses return as the capital is returned faster thus accruing less interest.

Josh Gaddy Out of curiosity, what is your exit strategy at that $117K price?

Lien was filed with the county and accrued $100/day penalty, no tree has been planted that I could see at the house and no release of lien in the county record, so from the date the fines start to today equals $68,200.

Out of curiosity, do you have any tips for driving for dollars?

Out of curiosity, what makes Memphis a better market?

Out of curiosity, I decided tonight to search the "stats" of a local Realtor b/c I wondered how her list price stacks up against the final sales price.

If the first mortgage was recorded prior to April 1, 1992, the super lien will still be operative if the condominium declaration made reference to future amendments to the Florida Condominium Act (Chapter 718).The amount of the "super lien" is the lesser of: (a) unpaid common expenses and regular periodic assessments that accrued or became due during the six months immediately preceding the acquisition of title; or, (b) one percent of the original mortgage debt.The one-percent limitation does not apply unless the first mortgagee joins the association as a defendant in the foreclosure action.