Either way, it is better than vacant.

If we knew it, we wouldn't be here honestly.If it's a second home & business venture, you're likely better just getting in and getting it going than worrying about buying too early or late.

And good point on the the “free refinances for life” selling point, they really make it sound like it’s a unique feature.I’m having some better conversations with Quorum FCU.

Three Questions: Is it better to have 4 separate lease agreements (lease by the room) or to lease by the unit, which I would prefer?  

I respect Eric and at the end of the day there were things that could have been done better.

It will only take you experiencing this once to make a change for the better next go round.

You may also be better off looking in some less expensive markets in ME like Augusta or L/A for these types of deals since your downpayment will stretch a little farther.

I'm often presented with opportunities to acquire investment condos in Orlando, Miami, and other popular Florida cities.I always decline.Read the article below to understand better why "condo" and "Florida" are now a particularly bad combination!

I figured its a win win, they get to invest into some real-estate and grow their retirement as well as it will lighten my investment and potentially allow me to get into a better property that would cash flow/appreciate better.Does anyone have personal experiences or opinions on this?

Even if you do nothing with it, at least you have it and the sooner you act the better.