What does that translate to?

Many condo associations do not permit rentals, or, only a percentage of rentals, because after a certain percentage (of single family homes-don't know if that translates to condos or not) banks will not make loans to people who plan to rent the unit out because it lowers property values.Other things to check would be reserves, yearly assessments (and be aware that assessments in some states can be raised without owner input, and with no cap on the increased amount, or great leeway in what the "need" is). condo's often do not have a reserve account for R&M, so when repairs are needed, the sudden increase in assessments can be great, Boards are often run by control freaks.I would suggest reading all the condo docs, including the history.

I figure I need to show a property to 10 groups to get a good tenant, which translates into three or four showings.

I can't wait to get on the ground, and translate my plan-view knowledge of the area (from hours poring over maps/satellite photos) into a 3-D perspective. 8)

However, in a tremendously positive note, they do NOT believe the US will dip into recession, with economic growth remaining positive.This early-er cutting of interest rates; however, will not translate into sharp declines in mortgage interest rates.

You're making $150 a month, which translates to $1800 a year.

An amazing resource if you can translate all the American jargon to our Canadian systems.

We're seeing prices at 100k per unit with rents ~1300 / unit and that translates right up into the big multi's in prime areas.  

I know that I would have to disclose that I am an agent during translations - but is really a big downside?

It is essential for any REI.Unpaid property taxes/HOA fees - Yes, any lien which can infringe on the Mortgagee's lien that would require payment opposed to being wiped in a foreclosure will cause a deeper discount since it increases the expenses.Borrower is very difficult to work with - It is safe to say all NPN borrowers are difficult to work with.Property located in state with very lender-unfriendly foreclosure laws - This would translate into time.