Finding a good renter who likes condo living seems like a relatively safe bet...if the positive cash flow is not eaten away by capital expenditures, lack of reserves, and routine maintenance on big ticket items.  

While we don't plan to sell soon, I would be uncomfortable leaving it the way it is for long, but won't have much sway in the new condo association since we will be the newbies.

If you are still uncomfortable determining a number, call the agent with all the listings in the area.

That number seemed to be uncomfortably close to their current mortgage balance, based on their reactions.  

Now I am looking forward to getting into the "Uncomfortable Zone" and dreaming bigger.I love learning new things; especially if they challenge my intellect. 

You might try to just have your own management company where you are actively involved but get people with the title as assistant manager or something where they are absorbing all the calls and taking care of the routine duties and you are only brought it on important issues.  

But something about this makes me uncomfortable.

Here are the duties that can be performed according to the FREC:Permissible Activities of an Unlicensed AssistantUnlicensed assistant is defined as support stafffor a real estate corporation or other licensed individuals.Answer the phone and forward callsFill out and submit listings and changes to any multiple listing serviceFollow-up on loan commitments after a contract has been negotiated and generally secure the status reports on the loan progressAssemble documents for closingSecure documents (public information) from courthouse, utility district, etc.Have keys made for company listings, order surveys, termite inspections, home inspections and home warranties with the.licensed employer's approvalWrite ads for approval of the licensee and the supervising broker, and place advertising (newspaper ads, update web sites, etc); prepare flyers and promotionalinformation for approval by licensee and the supervising brokerReceive, record and deposit earnest money, security deposits and advance rentsOnly type the contract forms for approval by licensee and supervising brokerMonitor licenses and personnel filesCompute commission checksPlace signs on propertyOrder items of repair as directed by licenseePrepare flyers and promotional information for approval by licensee and supervising brokerAct as a courier service to deliver documents, pick-up keysPlace routine telephone calls on late rent paymentsSchedule appointments for licensee to show a listed propertyBe at an open house for: o Security pulposeso Hand out materials (brochures)Answer questions conceming a listing from which the answer must be obtained from the licensed employer-approved printed information and is objective innature (not subjective comments)Gather information for a Comparative Market AnalysisGather information for an appraisalHand out objective, written infonnation on a listing or rental

@Cindy Carriger thank you, this is something I need to add to my study routine asap

Second, it was about making it part of my daily routine.