Hi everyone, We are currently living in Queens, NYC but are considering a move out of state (getting tired of the winters, high cost of living, need more space for our growing family).One of the things we are considering is moving to Florida with the intention of also purchasing an investment property to create some positive cash flow for our income.I was doing some research online and have found that many people recommend Lake Mary as an area that has nice neighborhoods, decently priced homes as well as investment opportunities.I found a few listings for 1 bedroom/1 bathroom condos in Lake Mary and I was crunching some numbers to see if investing in one of them would make sense.Here are the stats for one of the properties:$30K Listing Price for 1 Bedroom - 1 Bathroom CondoRegency Park at Lake MaryDown Payment: 33% ~ $10,000Mortgage: 30 year, $20,000 at 5% (estimated interest rate, correct me if I am wrong)Income:Average rents: $600-700/month (let's assume $600 for this example)Expenses:HOA fees: $150-175/month (let's assume $175 for this example)Taxes: ~$500/year, $42/month (estimate, correct me if I am wrong)Insurance: ~$500/year, $42/month (estimate, correct me if I am wrong)Vacancy: 10% of gross annual ~ $720/year (estimate, correct me if I am wrong), $60/monthMortgage Payment: $107.36/monthManagement: 10% of gross rental income, $60/monthTotal Expenses: $487/monthTotal Positive Cash Flow: $113/month Am I missing something from this calculation?

In some states there is also "Education in Lieu of Experience" to qualify for the real estate broker's exam. In

Second, this is your first investment property ... also not a good sign for a lender (no track record).Ask yourself (many times throughout your examination of this property), "If I had to use only my money to make this deal work (no loan), is this the best place to use my money?"

That stat is what several realtors have told me.

Get all the stats on the home make a tour and then examine all the sold homes within a mile of the home that compare favorably with this property and then take the average of the "sold prices" to set a preliminary "List Price".

Tuition is remarkably affordable at $7,000/yr attracting out of stat and out of country students.

As a result my stats were terrible and I didn't sell as much.

Stat. 56.061) and obtain full title to the interest, including the full rights of membership.Now the personal creditor can seize the LLC itself and therefore its assets.

Read to the end of the article above.This is an interesting article with some very profound stats.

Yet an examination of historical tax levels and unemployment rates reveals no obvious correlation.