I am assuming that we could sell the condo after the two years are up and hope that the property gained in equity. 1)I keep on asking myself what I am missing.

However, northwest San Antonio is exploding with growth, most of the buyers being wealthy foreigners from Mexico, its as if the subprime slime doesn't even phase the Austin and San Antonio markets, I love seeing even 8-12% /year gains on this current slowdown where Glendale, California people are selling 50-60 K below market value just to be able to sell.

I'm hoping to gain a lot of insight from this board.

You won't make that much money off the deal, but you could gain some experience and do the next one by yourself.

Likely capital gains will be higher in the future as opposed to lower.

Alot of newbies aren't paying attention to what is really happening, I think, as they just go about working their deals like normal and looking at comps the way the always have.All the lenders got the memo and either cancelled programs or jacked their rates a bunch at once.

Also, I'm assuming your paying capital gains tax?

It's a pleasure joining the goup and I look forward to meeting, helping and also gaining knowledge from everyone here.

That washow it went the first time for me anyway, to much success.Ultimately though, what I "prefer" is what I can gain the knowledge fasteston, to be able to generate income the simplest way.

Of course, you can gain favor with the agent if you can throw him some business later...