Again, this will depend on your specific scenario, time horizons, exit strategy, teams, etc.

@Mark Kao - a fixed 3.75 and 4.25 is outstanding, wish I could get those numbers on some of the NOO properties I'm looking at right now.My opinion is that if the condo is paid off and you haven't had any bad experiences with the HOA, nor have any reason to believe a series of special assessments are on the horizon, then I'd do as others have suggested and pull maybe 50-75% equity out to expand your portfolio.

So here we are... more than a month and a half after my first post, almost THREE months since my first call with the seller, with another two months of escrow on the horizon.

I currently live in Irvine, CA -- But my boyfriend just told me that marriage is on the horizon soon. 

I have been in the automotive collision repair industry for 8 years now and want to expand my horizons. 

Each step you take reveals a new horizon.

Each step you take reveals a new horizon.

I never introduced my self so here I am to say hi.Ive been going to sheriff sales in my area and finally bought a foreclosure and now I am trying to broaden my horizons Maybe with hud. homes or REO but Im still learning with all the great posts on here .

Adam Demchik, I believe FHA requires re-certification every 2 years now, so it's a real issue, and nobody talked about or disclosed the clubhouse work when I purchased a year ago, even though I asked if there were any large repairs or projects on the horizon, so I'm learning that a condo is only as good as its board, as they make a few stupid decisions and the whole complex suffers.

Each step you take reveals a new horizon.