@Assaf Furman the premium is based on the building value you are insuring, so without knowing what that is, no one could tell you if that is high or low.I'll PM you some additional options you may want to consider.

The longer you hold it, the less valuable that gain becomes.Either way, I think having that large of an asset it pretty cool, so good luck with it!

If that number factors in maintenance, vacancy, capex reserves in addition to both principal/interest payments and the taxes and insurance I would definitely do the deal. $2580 of annual returns on a $0 investment is a hell of a return. 

There is great information on BP that is very valuable to real estate investors.  

Failure itself can be a very valuable teacher painful to go through but important.

Here is the response.That's an estimate and it's definitely high, but it will be more than usual because it's investment so there are additional things that the appraiser has to do.

I ended up paying the HOA fees with the additional costs of the collections company - totalled at $6700 (the fees themselves would have been $4000) A couple of years ago they lease the condo to couple due to the wife's high credit rating.

I found a 2/1 that I would like to renovate and add an addition on it to make it into a duplex.

@ sarann door knocking baby, Face to Face is still the most valuable way to do real estate.

If it were me, I would not ruin a relationship with an experienced investor that will be valuable to my business over "1 solid buyer."