It could rent for ~1600-1700/mo imho based on what i see in the area.PITI of recent house purchase is almost double that of condo -- hence anxiety of knowing what to do and acting accordinglyrenting is an ok option with me -- just need to understand the tax consequences if condo is rented for a year and then sold. will make a few improvements i have in mind and then put it back on the market at 375.thanks-B

think about her anxiety-laden husband...  

On the one hand I can see an image of the property stirring up the anxiety of owning a property out of town and out of sight (good.......

Invest in Debt by Napier is a great book, and Performance Anxiety by Gordon Moss is another great book on 2nd liens. 

This forum helps reduce the anxiety that many first time investors have.

After a few days the anxiety fades away.

Also in attendance was my friends Bill Tan and Gordon Moss, author of NPN book, 'Performance Anxiety'. 

Not sure where your fear of the deal going south stems from, hopefully I can address some of your concerns to ease the anxiety you may be feeling. 1.  

If you haven't already, listen to the BP podcast with Dave Van Horn, also the book Performance Anxiety by Gordon Moss  and another recent e book by Sherman Arnowitz the art of investing in distressed properties should provide you with a good starting point of education, it definitely won't be an ending point though.Good luck, keep us updated.

Then use their name with others in the group to gain credibility.If you don't have a track record at this level, you might be able to remove risk anxiety by bringing in a property manager as part of this deal.