I'm not justifying what brokers do and, yes, some of them are lazy (the post and pray guys) and conniving (hiding a listing so they can get both sides).  

I posted something similar last night.

Great post, Nelson - can be confusing especially when just starting out and looking for different means of financing 

After ten years compounding at 5% that amount would be worth $1,348,602, which would really be $1,256,344 after accounting for LTCG @ 15% (1,348,602-733,500 * .15).Final amount for condo conversion: $1,256,344Pros: After money is reinvested, passive incomeCons: Taxed twice, once on sale, once when investments are sold, no real control over money once investedScenario 2: 10 year holdI pasted my numbers at the bottom of this post so it's easier to see, but my thought process was as follows:1) Calculate value based on reasonable appreciation trends, plus cash flow.

Some of them also OWN the maintenance company and profit off that as well.Have an in-depth conversation with the PMC to get to the bottom of this.BTW: we are constantly posting that owners need to ask MORE questions about how a PMC executes their services!

@Ulyana Opolska you could have posted that!

Originally posted by @Catherine Coy:I'm listening to one of his webinars now. 

@Jesse Edwards, I was just thinking, based on your original post, you should be talking with the building department to understand if there are any nuances in your jurisdiction.  

I was getting ready to create a post (and still will) about my DSCR program.

Glad to see your post.