Equity value through DP and appreciation will put you deep into negative cash flow.Find a multi unit that will be lower risk having multiple tenants.

I do think that as a result however, the overall attitude is disproportionately negative and like you said, there's often very vague information. 

In order for there to be conflict you are insinuating there is a negative effect to the Association or other owners from the board members actions.

@Ken P. experience beats statistics everyday.

They go in knowing (or should know) they may be Cash Flow negative while living there for one year minimum.  

However, as someone who was born and raised here in Wilmington and now invests here, I can say that the first thing I noticed is that the majority of your comments are very negative about the area.  

If we disclose early on to a broker that we would like to start our own brokerage down the road would this be a positive/negative, or what?  

Which gives me a negative bottom line of $1,525.00.  

Vacant land at this price point is negative cash-flowing, taxes and POA fees (if any) along can quickly turn this good deal into a loser.  

Anyone that tells you they have a certain ratio are basing that number on yesterday or today expenses not on the full life of the property. 40% would be good, depending on the type of property, 50% is the statistical average based on tens of thousands of properties over many decades of collecting data.