I'm just still trying to wrap my head around these values.

There are costs associated with obtaining approvals that you would need to know.

I will be heading to MA this week!

Pretty much, for every new rule, there will be a way around it And when shopping for a mortgage, the interest rate is not what really matters, it is the cost associated with it.

Hey KyleWhat is the purchase price of the condo as well as the association fees.

I sort of figured that he had to do what ever he had to do if he got in over his head.

First of all the HOA fees eat up a lot of the cash flow, oftentimes down to a non-acceptable cash-on-cash return, making finding condos that do cash flow appropriately more difficult to find...and that's until the HOA doesn't up the fees.Second of all, so many of the condo associations here have "no renting the first year" or "no renting for the first two years" as restrictions that are not always disclosed in the MLS.

My accountant is Jeffrey Stoller from Goodwich Stoller and Associates.

Commercial lenders are not going to be swayed by forecasts of 5% year-over-year inflation, they will want to know the property still holds its head above water if there is a 20% correction in property values or a 5-10% increase in vacancy.

We don't have the sub-prime sword hanging over our head this time but the market fundamentals will drive the correction.What am I basing this on?