Will the $$ you have in equity be utilized in a better way if you sell (keep in mind today's pricing), or to kick back and let your tenant (and future ones) "pay for" the condo for you.

Until then they would continue to owe rent on the place and failure to pay will result in an eviction which will remain on their credit history for an extensive period of time.In the future it may be useful to include (if allowed in your state) an Early Termination Clause in your lease. 

I personally have a vision of where my real estate investment company is going to be in the future, so I'm developing a plan and path based off where I intend to be in the future.  

Loan Pre-payment penalty: N/AMortgage Insurance Premium: N/A Funding Fee: A one-time up-front funding fee is charged to maintain the program for future Veterans looking to secure a VA home loan.

Take your $1000 cash flow, then subtract $100 for management that you stated and 20% for future vacancy, maintenance, and capital expenses.

I hope to be as knowledgeable as you in the future.

With the due on sale clause, there are ways to mitigate the issues that might come up in the future, i.e.  

Not sure how to charge for this or fix it.Yard - they didn't really keep up the yard as we would have liked (we are moving to include yard service to avoid this in the future) There are big chunks of dirt where grass used to be, some of the plants we had planted died due to not being watered etc.  

Congratulations and best of luck on your future endeavors. 

The more expensive you buy a place for now, the harder it will be to buy another in the future unless it really cash flows well.