if you dont pay I suspect the lien is all but guaranteed.U may want to head this off..

Remember: Insurance companies want you to pay the bill and when it comes to their turn, will do everything they can to NOT pay.I would get clear on that piece before proceeding further.

If we put a tenant in the house we will have to pay the state back their $8,000 of assistance.Loan Balance: $150KCapital Required to Rent: $10K ($8K to pay out the state and $2K that I put into professional cleaning and new carpets.) 

#s based on duplex I’m being shown420,000, rate 6.25%Mortgage payment: 3271 + 225 HOA (increase $65 starting July) =3561Currently paying 1200 in rent + utilities.I know you’re going to scream at me for this.

Note that you may have more tenant-to-tenant issues to deal with though.As with any real estate investment, you pays your money, you takes your chances :)

Facts to consider: The condo is in my husbands name, has been for about 5 years so the capital gains taxes would be ours to pay upon sale.

I will say, if you want them to spend time with you walking you through it and answering your questions, you will want to offer to pay them for their time.

do you have a pay history, is it being serviced by anyone but yourself.

While you pay for their utilities and repairs.

It's a bit old school but the price is reasonable. there're better systems out there but you pay for the premium.