Again living at the location, so please factor in that Nashville has a strong sellers market and I do not want to live in a bad area or really far from town.

Agreed, buyers are most often looking for the classic 3/2 although here in Florida with the snowbird factor and empty nesters/retirees there is probably a larger market to sell 2 bedroom homes than other places

You will have the opportunity to be exposed to much of more of lending and asset management side of the business.

If you need to factor in property management costs (around 12%) for a rental, do any of you look to make up the difference somewhere else in the deal for a property?

One of my criteria is to get at least $150 cash flow a month on this rental, so I'm worried/curious to see how this increased mortgage payment may/has affected cash flow (leaving out other factors I need to account on the income and expense side). 

What are the important factors I need to consider when buying a co-op?

Another factor is the rental prices aren't making sense, while still continuing to rise.

Hi @Anthony Russell...I like the creativity.I believe IRS rules limit 401K loans to $50K (total), so I assume this would be a limiting factor for you.

We just got the house refinanced also for a $260 a month difference, so now it cash flows at 300 a month after expenses.I think that as long as you factor in the property management into your assessment, you should be fine.

What factors do you think will contribute to increases in the prime rate?