The question he had is that he is taking a world trip for some months and wanted to know if he should  buy a cheap condo in a city of Florida that he never been to, so he would not have to pay storage on his furnishingsI am not a rich person but I cant believe anyone who is would even entertain that thought.Basic common sense and the need to create wealth not destroy it I would think is an important trait

  - very common.  

Pardon the error.

I also have been doing construction my whole life and am currently a PM for a large GC in Boston so it sounds like we have a lot in common.  

The common solution to this type of problem seems to be "HML to buy the property, refi out after 6 months or so and then pay it down from there". 

This will also get interesting if there are any common areas that are being conditioned from one of the thermostats that you are making the tenant pay for (i.e. a common hallway or staircase)Again don't quote me, but this is my experience with large commercial projects that I have built. 

@Gary Wilson On average, auctions probably carry the potential for bigger profits; They can also put you on the fast road to financial ruin if you make even one minor error in judgment!

If you find any bugs or errors in the messaging system, either reply to this thread here or send them to me (perhaps via chat ;) ).

@Bob MaleckiWell, it is clear that I have more work to do with the jargon....sigh.....thank you for correcting my error.  

Sorry for the double post - BP server errors are driving me crazy and making the site almost unusable today!