The condo has 9 years left of a 15 year at 3.5% Only costs I see with condo (other than the 23 extra a month) are yearly assessments from HOA, home appliance replacement, AC replacement, and a month here and there searching for a renter.

This means you will likely be actively managing it yourself, or you will have a manager in place that will eat up a large portion of your revenue (payroll expense).

Any active BP members in the Pensacola-FWB-Destin area?

Hey all,Long time reader/listener - first time poster… I figured it was time to step out of the shadows and become an active member on the Bigger Pockets forums.

I'm actively looking for deals.

I currently live in Denver where the market is HOT, but am actively seeking deals (residential, single and multi-family) to help build equity and a safety net just in case the market bears towards a correction in the next few years.

We sold our property and pretty much broke even.I am now focusing on becoming an active real estate investor.

If you had a verbal or generic $15,000 for everything deal, it’ll be hard to assess how much he theoretically owes you back.

You could go to the new subdivision and there were tons of active comps and sold comps.

What is the landlords responsibility regarding parties or illicit activities by a tenant?