Also remember if you sell the new home after closing you have agent fees and closing costs which will eat away at your profits.

In fact, that is the ideal situation for Sponsors/those raising money.

That means: 100% Other People's Money (= ideal).

Makes sense to me, just using hypotheticals, on the ideal side I guess,  but thank you again.  

If I remember correctly, United Real Estate is 100% commission but fixed $500-600 fee per transaction but $65/month.

Remember bedroom windows must be operable as they are your second point of egress typically, building code required. 

Remember also, you can never go back and contribute to these accounts if you pass on the opportunity now.In terms of the condo, I am not a fan either, but if you already own it I would run the numbers and see if it makes sense as an investment.

If not, they'll remember what your seller has and pass it on to their friends as well.

And remember that a good deal on paper is not always a good deal in reality.

This ratio is ideally less than 40%.