Here are the options we considered:1) Sell the condo and lock in gains, and wait for a market correction ( it sounds like most guest on the BP podcasts are liquidating or just holding at the current time)2) Do nothing, cross our fingers and ride the wave.

About a year ago I lowered the 1st month's rent for the tenant to move into it as-is, uncleaned, unpainted after just closing on the property.

Simple enough.Here's where it gets mind bendy and the math gets a little higher than fingers and toes:Given a 100K purchase at 10% down, on a 30 year loan, lets compare an 5/1 ARM and a fixed:We'll assume the split is 3.5% and 5.25% for ARM and fixed rate.

:)Keeping fingers crossed all goes well until then!

I'm hoping i will be able to negotiate a compromise.... fingers crossed!  

we offered 101,100 which was a whopping $24,700 over asking and then crossed our fingers.  

That's an interesting idea - giving the HOA the finger. 

If you sense something is wrong with the deal you need to put your finger on what aspects that is.

I actually am in the middle of trying work out a nice cash flowing duplex. so i have my fingers crossed. 

(Geez...fingers crossed here because that was the plan for my next deal lol!).