@Simon Campbell brings up some good points about resale.

Hi Simon,The principal pay down on the mortgage would be income.However, you're numbers look riddled with problems.

Amy Coleman, Simon touched on a very important aspect, the term being long enough to cure the ills the buyer may have.

Originally posted by @Simon Shih:Welcome to BP.

@Simon ChanHonestly I didn't think if loan is for 10 years amortization could be longer(?)

Thank you Caleb and Simon - Very very informational answers!

@Mark Simon, Make contact with them first face to face and explain that you would love them in the property but the property was very neglected by the previous owner and we need to do a major rehab that would make it impossible to do with you living here.

yes thanks for the info Simon I believe I misread a column.

@Simon GhandilWhen I listed my property for rent and rent w/ option to buy, I got a few wholesalers as well.

Real estate crashed about 25-30% in market value in 2008 and some say that was the tip of the iceberg but it's hearsay and as @Simon Ruiz mentioned there's still cranes everywhere so demand is still greater than supply in LA.