Since you’re assuming this debt as part of the purchase, understanding the exact amount is critical.

There is almost no scenario where a condo would ever positive cash flow while servicing debt, and very little positive cash flow with no debt.If your budget only allows for a condo, find a better place to put your money to work.   

There is no UBIT because your investment isn't leveraged with a mortgage or debt.

What if you're a cardiologist with no debt and making $250,000 annually?

You may want to research the term ' Debt Financed Distribution' Which does have a tax implication for the investors receiving a distribution.

There is no requirement for @John Gillick to replace debt with new debt. 

Those that own it can be harder to sell as the cash flow from the business will cover the debt service for the business, but not for the real estate.Example: I had a very high-end assisted living facility on the market. 

Is there debt on the property or are you doing all cash?

Though DSCR gives you a better picture of how the property is projected to perform vs debt service, you can't rely solely on one measure to make a purchase decision. 

Despite signing on the court day that she would move out in 7 days and waiving her right to appeal, she still appealed, preventing me from filing a writ of possession.